Home prices continued to jump in value in May, according to the latest numbers from the Standard & Poor’s/Case-Shiller Home Price Indices.
By now, we know the drill. For homeowners, it’s great news. For those looking to buy, it’s terrible. Home prices rose again in October, placing South Florida counties in fifth place on a home price index’s list of highest annual gains.
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.