CoreLogic: S. Florida home prices could cool

Asked by Meir Aloni, Plantation, FL Mon Aug 5, 2013

Home prices have appreciated by more than 20 percent in a year
As South Florida home prices near the peak of the last boom, real estate analysts predict the trend to reverse, according to a new CoreLogic Case-Shiller report.
Homes prices in Broward County are expected to decline 2.6 percent from the first quarter of this year to the first quarter of next year, even as prices nationwide gain more than 6 percent.
Prices in Miami-Dade County are expected to drop 2.7 percent, according to the report.
A softening of bullish housing markets throughout South Florida makes sense considering the inordinate contribution of cash deals by investors. South Florida prices have soared more than 20 percent in the past year.
“You and I both know that’s not sustainable,” Sean Snaith, an economics professor at the University of Central Florida, told the Sun-Sentinel. — Emily Schmall August 05, 2013 02:00PM

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Olga Monson’s answer
Olga Monson, Agent, Miami, FL
Mon Aug 5, 2013
Real estate prices go up and down, always have always will, and its always different this time. But I’m pretty sure we should be back on track because government has spent 3 trillion+ dollars on building a fundamentally sound structure that can support jobs, growth and a healthy long term economy while paying down the massive debt.
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Maria Sabio, Agent, Fort Lauderdale, FL
Wed Aug 7, 2013

The Case-Shiller report is the most accurate and informative. However, if the house you truly want is available make an offer just make sure you take into account the potential price rise and fall.

Maria Sabio
954-336-5156 [C]
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Chad Gray, Agent, Fort Lauderdale, FL
Wed Aug 7, 2013

I think you meant to put this in the blog section, not the question and answer section.

Chad Gray PA | Realtor
Luxury Living Fort Lauderdale
(at Coldwell Banker Residential Real Estate)

100% of clients rated our service as "EXCELLENT"!

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