realestate

Low-Income Neighborhood Home Prices See Unexpected Surge

Low-income areas targeted for redevelopment saw home price increases in 61% of them, according to a new report.

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n a striking reversal, low-income neighborhoods targeted for revitalization under the 2017 Tax Cuts and Jobs Act have witnessed a staggering surge in single-family home prices. A recent report reveals that annual price hikes occurred in an astonishing 61% of these areas, defying expectations of economic uplift.

Low-income neighborhood home prices rise unexpectedly in urban area, sparking market interest.