South Florida Home Values Up Again-Now Would be a Very Good Time to Sell

The Case Shiller Value Index report for May was released today. Single Family Home value in South Florida shot up 2.58% between April and May. Just for a little context, the hi

ghest month-over-month increase during the boom was 2.76% in April and June 2005. I'm a bit wary of the numbers but not overly concerned yet since the toxic outside cause of the mid-decade boom (securitized mortgages) is not present this time. So let's enjoy the recovery! If you have thoughts of selling your property, now would be a very good time. Prices are much higher than a year or so ago but we can't depend on the trend continuing indefinitely since increasing interest rates will shut buyers out eventually. So sell now while prices and affordability are high.