132.2% 10-Year Increase in Florida Home Prices, 2nd Largest in U.S.

The U.S. real estate market has seen home values grow by over 95% in the past decade, significantly outpacing average hourly earnings (44%) and the Consumer Price Index (33%). Following the COVID-19 recession, home prices surged by 40% but have since stabilized, with cumulative growth at 32.6% by Q3 2024. States like Idaho and Florida experienced the highest price increases, while areas like Louisiana and North Dakota lagged. Florida's median home price rose by 132.2% from 2014 to 2024, reflecting broader national trends.