High-Priced Homes Drove Value Increase in May
The Case Shiller Value Analysis presents single family home values in tiers based on a price break calculation they identify as Low, Medium and High.  I've charted the last couple of years on the attached chart for South Florida (Miami & Ft Lauderdale).  This shows that the 1.18% aggregate increase in values was driven by strong value increases in higher priced homes (those over $249,104) while lower priced homes actually declined just a bit.