Pavilion from the Ocean

Pavilion from the Ocean

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South Florida home prices up 9.5 percent

The Standard & Poor's/Case-Shiller index for Palm Beach, Broward and Miami-Dade counties rose 9.5 percent in October from a year ago, marking the third consecutive month that the annual increase outpaced 19 other metro areas.

South Florida tenants spent $10.5 billion in rent in 2014, up 7.7 percent from 2013, Zillow said. And the average renter household in Palm Beach, Broward and Miami-Dade counties paid $59 more a month ($708 a year) on rent in 2014 compared with 2013, the website said.

 Read More: http://www.sun-sentinel.com/

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