Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin.
Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge ofRedfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the past year, is "having an especially big impact in places like Tampa and Phoenix, which are attracting the most new residents and seeing double-digit increases in prices overall and even bigger increases in housing costs.
During that same time, the cost of goods and services in the area rose 10.9% compared to a year ago, which is the highest inflation rate of the metros tracked in Redfin's latest analysis. Atlanta was the 10th-most popular migration destination at the beginning of 2022, according to Redfin's data. However, during that time, the area faced the second-highest inflation rate with prices rising 10.6% compared to a year ago, according to Redfin's data.
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