Home Value Continues to Rise

The Case Shiller Index for September was released this morning.  Once again the numbers are favorable for homeowners with values increasing in South Florida for the 10th month in a row.  We haven't experienced this kind of positive trend since 2007.

Value increases are favorable nation-wide but to a lesser extent.  The Index observes that communities hardest-hit by the mortgage debacle (e.g. Phoenix, Las Vegas & here) are rebounding more strongly.  So far it looks like values in South Florida could increase nearly 9% this year which is a bit hotter than most real estate scholars (yes there are some) feel is healthy but an understandable reflex to recover from the trauma we've been through.