Thursday, December 27, 2012

Home Value Report Mixed this Month

October brought South Florida's first month-to-month value decline since November of last year according to the Case Shiller Value Index.  Realists, like yours truly, will welcome this cooling of the market since the numbers were trending toward unsustainable growth and we're too close to 2006 to forget that lesson (aren't we?).  Values fell just under 2-tenths of a percent (ok...not much) between September and October and were still 8.5% above October of last year.

Happy New Year Everyone!