Well off our Bottom...

....is how today's Case Shiller housing value index describes the market in South Florida (slightly paraphrased).  Month-over-month single family value was up 2.12%, the eighth consecutive month of increases.  July values were 5.35% over those in July 2011.  Some people (your humble blogger included) might have some concern that the market is becoming too heated but it sure feels good to report positive numbers for a change.

The inventory of homes available for buyers has been shrinking for months and there is evidence that many who would like to sell are holding off for a couple of years hedging for considerably better selling prices.  There's a lot going on in the world economically so stay tuned.