Analysis of Property Value
According to the latest findings released by Case-Shiller; property values in South Florida (single family homes are depicted here) are falling at an accelerating rate. Clearly this is the impact of sales of distressed properties (foreclosures & short sales) which have dominated the sales activity in the market. While this pattern may be unsettling for most homeowners, it should indicate that the elusive 'bottom-of-the-market' is coming sooner rather than later.