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.