Planning to sell your home? You may want to wait until 2016 before listing it.
South Florida homeowners have something to rejoice about: higher property values.
While nationally the Case-Shiller Home Price Index showed home values hit new index lows to end 2011; the data wasn’t as bad for two of the hardest hit areas in the nation, Phoenix and Miami.
Homeowners across the country hoping home prices may have finally bottomed out are not going to like the latest numbers from the Standard & Poor/Case-Shiller Home Price index.
Homeowners in South Florida have been hoping for years for a boost in the real estate market, specifically the value of their homes. Unfortunately, new numbers from Standard & Poor’s showed that recovery is still a long way away.
The S&P/Case-Shiller Home Price Index for April showed a slight monthly increase in prices across the board, but that’s not helping home prices in South Florida.