Miami Home Prices Rise 10.5% in August, but Price Gains Are Slowing
by Sep Niakan | November 10, 2014
Miami home prices are having biggest annual gain among the 20 cities tracked by S&P/Case-Shiller index.
Miami’s home prices have risen 10.5% in August since a full year before.
Even though Miami is higher than the rest of the 20 cities in price gains, the pace has slowed for them as well.
In February, prices of homes in Miami jumped 16% since the year before.
Home prices in Miami-Dade, Broward, and Palm Beach rose 0.3% from July to August according to the index. That statistic is lower than the 0.8% increase that was in the June to July time frame.
The 10-city composite index went up 5.5% since last year, and the 20-city comopsite index went up 5.6% during the same time.
“The deceleration in home prices continues,” David Blitzer, the chairman of the S&P Dow Jones Indices committee said, “Despite the weaker year-over-year numbers, home prices are still showing an overall increase, as the national index increased for its eighth consecutive month.”
The S&P/Case-Shiller index follows the re-selling of single family homes that have sold at least twice.
Photo credit: worldpropertyjournal.com
by Sep Niakan | February 26, 2017
The first days of Spring in Miami are arriving and so is a wave of exciting new events. Whether you’re enjoying the spring break (or trying to avoid those on one), here are some great events to look forward to in the month of March: Miami...
by Sep Niakan | February 22, 2017
A previous blog on how a petition to privatize an alley adjacent to Cité Condo sparked rumors of a new hotel coming to Edgewater did spark another thought process. It seems the latest trend for developments in Edgewater is to either be a...
by Sep Niakan | February 15, 2017
Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...
by Sep Niakan | February 14, 2017
Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...