Miami falls in ranking of home buying prices
After nine months of leading metro areas across the country in year-over-year increases in home prices, Miami fell out of the top spot in May, according to an analysis released Tuesday.
The Miami area had a 3.4 percent increase in May when compared to a year earlier, according to the S&P CoreLogic Case-Shiller Indices.
That trailed Chicago at 4.6 percent, Cleveland at 3.9 percent and New York at 3.5 percent.
In a prepared statement, Craig J. Lazzara, Managing Director at S&P DJI, described the results as the "Revenge of the Rust Belt" after warm-weather cities long topped the list
"If this seems like an unusual occurrence to you, it seems that way to me too," Lazzara said in the statement. "It's been five years to the month since a cold-weather city held the top spot (and that was Seattle, which isn't all that cold)."
The monthly analysis includes data for 20 metro areas, with Tampa the only other Florida city included. Tampa saw a year-over-year price increase of 0.7 percent in May, the analysis said
Last news
Raids on storage facilities in New York City turned up a huge haul of counterfeit handbags, shoes and other luxury merchandise that could have been worth more than $1 billion if the knockoffs had been real, federal authorities announced Read more...
From Chick-fil-A and KFC to Taco Bell and Jack in the Box, the American Customer Satisfaction Index has released the rankings of America's favorite fast-food chains in 2023 Read more...
Simon Properties, one of the largest mall operators in the United States, has decided to close most of its properties on Thanksgiving Day for the fourth consecutive year. Read more...
Shop daily savings on must-have tech, holiday gifts, and kitchen appliances. Read more...
Here at Reviewed, November is our favorite month. The rest of the year is spent testing and reviewing products to help us figure out what is really worth it. Come November, we are fired up to find the best Black Friday and Cyber Monday deals on all of our favorite things Read more...
The 2023 NYCWFF New York City Wine and Food Festival, in October, is one of NYC’s most popular food festivals. In partnership with The Food Network, it features walk-around tastings, intimate dinners, culinary demos, brunches and lunches, pier parties, master classes, cocktail parties, family fun and more Read more...
Between events that highlight beer, wine, corn, garlic, and ribs, there’s a food event for everyone in Chicago and the suburbs in August. Be sure to double-check the event pages for times, locations, and admission information. Read more...