Median Home Values Increase in More Than Half of Opportunity Zones Targeted for Economic Redevelopment; Price Trends Inside Those Zones Continue to Closely Follow National Market Patterns; Some Measures in Opportunity Zones Again Outpace Nationwide Improvements
IRVINE, Calif., Aug. 8, 2024 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2024 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 3,904 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the second quarter of 2024.
The report found that median single-family home and condo prices increased from the first quarter of 2024 to the second quarter of 2024 in 61 percent of Opportunity Zones around the country with enough data to measure. They were up annually in 62 percent of the zones analyzed.
Amid a nationwide price surge during the annual Springtime home buying season, median prices inside nearly half of the zones analyzed shot up more than 10 percent quarterly and annually...
RSK: Opportunity Zones or OZ`s are still a worthy investment. Here is a list of where the zones are in Madison, WI.
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- - Volume: 24 - WEEK: 33 Date: 8/13/2024 2:28:18 PM -