Monthly Value Change

If you're anything like me, you're always anxious for the monthly value analysis to come out....here ya go...

(SOFla Single Family declined .49% in December)

Single Family Home Values Decline 3.73% in 2010 
The Case Shiller Value Index results for December were just released and, according to the Index, values in South Florida declined just under 4% in 2010.  For some perspective, compare last year's results with 2009 (-9.91%) and 2008 (-28.79%) .... there don't you feel better?

It's not clear if we'll see the same kind of improvement in 2011 (I'm thinking we'll be about the same) as lenders seem to be sorting out their foreclosure procedures and even seem a bit more inclined to agree to reasonable short sale settlements.  All those sales will tend to keep prices low.  I think buyers should be prepared to make their moves in the next year or so if buying at the bottom of the market is important.