Home Value Index Higher-Bucks National Trend

South Florida is among just two metro-areas with an increase between November and December (the other is Phoenix) in the Case Shiller Home Value Index for December published this morning.  We no longer have the dubious distinction of leading the pack in national home value decline but rather are holding our own or showing slightly more positive results.

For November-December South Florida's value index increased 0.17% (okay...that's not much but it's in the right direction) while the national index fell 1.1%.  For 2011 South Florida held its decline to 3.78% (about equal to 2010); the national decline was 3.9%.

Home Value Still Down

The home value index for November was published by Case Shiller yesterday.  The month-over-month decline was just over one-half-of-one-percent with the decline from the year before at 4.4%