Fla. was hit hard in the housing crisis, but it bounced back. Fort Lauderdale led the nation with a 2010-2020 price increase of 161%. Orlando saw 127%; Miami saw 106%.
MIAMI – Florida was one of the epicenters of the foreclosure crisis and experienced some of the biggest declines in home values leading up to 2010. But as the Sunshine State recovered from the housing crash, home values also increased, leading to the nation’s largest post-crisis recovery.
In Fort Lauderdale, the median home price increased 161% from $106,000 at the beginning of 2010 to $278,000 at the end of 2019. The median home price has more than doubled this decade in Orlando (+127%) and Miami (+106%) as well.
“The housing market is ending the decade in a vastly different place than it began,” said Redfin Chief Economist Daryl Fairweather who authored the study. “In 2010, the market was in the