Half of U.S. Homes Located in Opportunity Zones Saw Price Increases in 2019

ATTOM Data Solutions has reported this past week that about half U.S. opportunity zones, where there was sufficient sales data, saw median home prices rise more than the national increase of 9.4 percent from the fourth quarter of 2018 to the fourth quarter of 2019. Based on ATTOM Data Solutions new report, 78 percent of the zones had median U.S. home prices in the fourth quarter of 2019 that were less than the national median of $257,000 - almost the same percentage as in the third quarter of 2019. Some 48 percent of the zones had median prices of less than $150,000. "Home prices in thousands of Opportunity Zone neighborhoods targeted for revival across the United States continued to ride the tide of the national housing market boom in the fourth quarter of 2019, marching along with broad trends and even doing better in many areas," said Todd Teta,    ...more

RSK: We knew this might happen and at the moment it will increase the tax base but no doubt most of the people may not be able to pay the taxes on the higher assessments.