Home Prices in 13 US Markets Soar to Change Calculus of Where to Live A quarterly index from economists at Florida-Atlantic University's College of Business shows that home prices are above their long-term average in 13 U.S. markets: Atlanta, Georgia; Dallas, Texas; Denver, Colorado; Houston, Texas; Kansas City, Missouri; Los Angeles, California; Miami, Florida; Philadelphia, Pennsylvania; Pittsburgh, Pennsylvania; San Diego, California; San Francisco, California; Seattle, Washington; and Portland, Oregon. Prices have climbed so fast in places such as Dallas, Denver, Houston and Kansas City that they are tilting the index toward “rent and reinvest,” meaning people would be better off renting and using any excess funds to build wealth than sinking into high-priced real estate, noted Ken Johnson, a real estate economist at FAU and co-author of the index. In other markets, the flight to suburbs and single-family homes is more pronounced. In New York City, Manhattan saw the number of empty rental apartments spike by 5,600 in August with more than 15,000 vacant units last month, the highest in the past 14 years, according to a report from brokerages @douglaselliman and Miller Samuel. #commercialrealestate #housingmarket #houseprices #multifamilyinvestments #multifamilydeveloper #commercialagent #commercialbroker #listingagent #elliman #ellimanfl #ellimanagents #ellimancommercial https://www.instagram.com/p/CFeyCO2pg7O/?igshid=p0pvk2lnzmcu
