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October 28, 2014
South Florida led the country for real estate price appreciation over the last year, according to the S&P/Case-Shilled Home Price Index. The index measures changes in the total value of all existing single-family housing stock.
Miami home prices jumped 10.5 percent from August 2013 to August 2014. It was the largest gain among 20 metropolitan areas nationwide. Miami beat out Las Vegas and San Francisco for the top spot. However, the leveling out of home prices in South Florida and across the country should help prevent another housing bubble.
To list or buy a home in South Florida, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Sun Sentinel
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