Read today in a newsletter the following, which was from CNN Money:
"The fastest appreciating market was Bradenton, Florida. The average home went up 45.6 percent in over 12 months, ending March 31. Other hot Florida locations included: Sarasota - 36 percent, West Palm Beach - 35.9 percent, Ft. Lauderdale - 31.8 percent.
Las Vegas, Nevada saw appreciation of 29.4 percent and Riverside/San Bernardino, California saw 32.6 percent. Atlantic City led the Northeast with an increase of 23.2 percent.
Some affordable markets included Beaumont, Texas, where house prices fell 6.5 percent to a median price of $90,000, and Waterloo/Cedar Falls, Iowa, which saw decreases of 2.6 percent to $86,500. Other areas showing declines included Canton, Ohio (minus 4.5 percent) and Syracuse, New York (down by 2.6 percent). Median home prices in those locations were all less than $120,000."
Wonder if it’s worth buying in a market that’s already appreciating so fast.