Tuesday, January 12, 2010

Home prices rise in the Bay area

Here's a shocker: The Tampa Bay area ranked among the top in the nation for increasing home prices in the fourth quarter. That's according to California-based Clear Capital, which says the Bay area is increasingly showing signs of stabilization. After years of falling home prices, the Tampa-St. Petersburg-Clearwater metro area posted a quarterly increase of 2.5 percent in the fourth quarter of 2009 compared with the previous quarter, the report shows. The increase put the area in the top 15 metro areas for increases. The metro area did see a drop of 12.9 percent compared with the same quarter a year ago.

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