South Florida Home Prices Rise 8 Point 3 Percent In January

South Florida Home Prices Rise 8 Point 3 Percent In January

Most of the country continues to chase South Florida when it comes home price increases.

Palm Beach, Broward and Miami-Dade counties saw prices rise 8.3 percent in January from a year ago, according to the Standard & Poor's/Case-Shiller index. Only Denver at 8.4 percent had a larger gain among 20 major metro areas.

Housing analysts often consider Case-Shiller the leading indicator of home prices because it tracks the price of the same house over time. Local Realtor boards measure home values by releasing a median price for homes sold in a given month.

But the index, released on the last Tuesday of each month, lags Realtor board numbers and does not include condominium prices.

David M. Blitzer, chairman of the index committee at Standard & Poor's, said in a statement that low interest rates and robust consumer confidence continue to fuel the nation's housing market.

"Despite price gains, the housing market faces some difficulties," he said. "Home prices are rising roughly twice as fast as wages, putting pressure on potential homebuyers and heightening the risk that any uptick in interest rates could be a major setback."

Sun Sentinel, Paul Owers


Linda Stevenson Headshot
Author:
Phone: 603-264-6920
Dated: March 31st 2015
Views: 136
About Linda: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

LUX Florida Home Collection & Bankers Realty Services
211 SW 2nd Street Suite F
Fort Lauderdale, FL
954-880-3098
877-736-9722

Other Locations