【World Property Journal】Homes in Many U.S. Opportunity Zones Enjoy Healthy Price Increases

According to a new report by ATTOM Data Solutions -- qualified Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017 -- found that 45 percent of the zones saw median home prices rise by more than the national increase of 11.3 percent from the first quarter of 2019 to the first quarter of 2020. That was down slightly from the 47 percent of zones that bested the 9.4 percent annual change from the fourth quarter of 2018 to the same period in 2019.

The report also shows that 78 percent of the zones had median home prices in the first quarter of 2020 that were less than the national median of $265,900. Data in the report forms the last snapshot of Opportunity Zone home prices before the major economic impact of the worldwide Coronavirus pandemic.
 

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