Home Values Rise Slightly

The other day someone responded to the "how are you" question with-"any day above ground is a good one".  That response had more impact the first time I heard it but it popped into my mind as I looked at the single family home value index released by Case Shiller today.  Any month we're above the line is a good one.  Perhaps this will be a near flat year in value further substantiating our arrival at the 'bumpy bottom' of the market.

South Florida Values UP in June

Results of the Case-Shiller Value Analysis for South Florida show a slight gain in single family house value; further evidence that we're on the bumpy bottom of this unprecedented real estate cycle.  So far the value analysis shows a decline of just over 1% for the first 6 months of 2010.  Compare this to just over 11% for the same period last year.  Yes Virginia, there IS a recovery!