Optimism about the recovering real estate market is turning to a point of contention for some analysts who are worried about the sudden rise in property values. According to an article in The Wall Street Journal, this surge in home prices “could make homes more unaffordable again if the price increases outpace income growth.” Analysts agreed that right now low mortgage interest rates are balancing out the increased home prices.

If you have questions about your home’s value or are interested in purchasing a home, contact Teresa Williams of Prospera Realty and Property Management at 813-434-0290 or visit https://www.prosperarealty.com. Teresa is a seasoned professional with unrivaled real estate knowledge in the South Tampa market.