The Case-Shiller Value Analysis results for March 2010 were released today. The value of single family homes South Florida declined just under 1% in that month. The decline in values for the first quarter of the year was 1.69%. All things being equal, the quarterly result would produce another 6 and three quarters percent drop in value for the year. But don’t lose heart, gentle readers; home value futures (yes, there’s a futures market for home value just like pork bellies) still predict a flat 2010 so stay tuned!
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