Tuesday, April 27, 2010


Case Shiller Index
News junkies have already heard that the Case Shiller housing value index figures have been released.  The national news is that values have increased (as of February 2010, the most recent month measured by the index) but, as we know, all real estate is local.
Values in South Florida turned the corner last June when we had the first monthly value increase since 2007.  There were four months of increases through September 2009.  We've been in the doldrums to slightly taking on water in the months since.  For some perspective however:

Cumulative value increase June-September 2009: 3.48%
Cumulative value decline October '09-February '10: -1.46% ...but don't despair...we're much better off than:
Cumulative value decline October '08-February '09: -14.49%