In Q3, US house prices rose across the board with 65% of metros registering double-digit increases. Single-family home prices rose in every one of the 181 metros included in the NAR report as the market shows no signs of flagging in 2020.
Florida real estate registered rises in both pending sales and house prices in May, indicating strong pent-up demand with the market. Property prices saw their 101st consecutive month of increases and supply levels dropped to a new low for single-family homes.
Single-family homes are one of the best property investment options in the US, particularly for buy-to-let yields. Returns have dropped very slightly across the US in 2020 compared to 2019, but several areas continue to post figures well ahead of the national average. Baltimore and Atlanta metros are currently offering the highest while Florida counties provide returns in the region of 8 to 12%.