Miami home price index rises 10.3%
The Standard & Poor's/Case-Shiller home price index for Palm Beach, Broward and Miami-Dade counties increased 10.3 percent in September from a year earlier. While the gains here are getting smaller, the tri-county region was the only metro area among the 20 measured nationwide to see a double-digit annual increase.
The West and Southwest, previously strong regions, are seeing price gains fade," David M. Blitzer, chairman of the index committee at Standard & Poor's, said in a statement Tuesday. The only region showing any sustained strength is the Southeast led by Florida; price gains are also evident in Atlanta and Charlotte.