Case-Shiller Value Analysis

The value of single family homes in South Florida declined 1.24% in August according to the Case-Shiller Value Analysis released today.  This is the greatest single-month decline since April 2009.  So far, 2010 hasn't performed with the promise I anticipated at the end of last year.  There was a report from Moody's a week or so ago that projected 'pent-up demand' for Florida real estate.  There may be some support for Moody's optimism as I've noted that at least 50% of the showings of our listings in recent weeks have been to buyers from out of the country.  Let's hope for a gangbuster winter season!