Property values in Broward County are on the rise according to new data. Cooper City leads the way with an 8.56-percent increase in taxable value; North Lauderdale comes in second with a 7.07-percent increase. Parkland has registered a 6.20-percent increase, while Coral Springs has seen a 4.08-percent spike in value.
These new numbers confirm the worst may be behind us. Mayor Vince Boccard expects property values to increase gradually in the next few years. Interest rates remain at historic lows, which have contributed to the shrinking inventory of homes on the market and an increase in housing prices all over the country. Many people are coming to realize that it costs less to purchase a home than to rent one.
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