Homes in Opportunity Zones have fallen but are withstanding the pressures most are facing during this volatile period in the housing market, according to a new report from ATTOM based on Q4 numbers.
"On balance, they aren't dropping any faster than in more well-off neighborhoods around the country," Rob Barber, CEO for ATTOM, said in prepared remarks.
"By a couple of metrics, they are even doing a little better," Barber said. "That speaks to the continued strength of Opportunity Zone housing markets and their potential allure for investors who still want to take advantage of the program's tax breaks even in the current uncertain economic environment."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
