Miami Home Prices Hit New Low, Says S&P Case-Shiller Index

posted on April 8th, 2011 filed under: Real Estate Market Data

Having drifted lower since expiration of the $8,000 government handout program last summer, the S&P Case-Shiller Home Price Index for the Miami metro area broke down a little more decisively for the three months ending January 2011.

The data are not very encouraging whether viewed in the big picture . . .

S&P Case-Shiller Home Price Index -- Miami -- Jan. 2011 (NSA)

Source:  Standard & Poor’s

or close up . . .

S&P Case-Shiller Home Price Index -- Miami -- Jan. 2011 (NSA) (beginining Jan. 2008)

Source:  Standard & Poor’s

Nonetheless, to keep things in perspective, the recent acceleration in the rate of decline pales by comparison with the declines of 2008-09.  We’re not in crash mode anymore.

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posted by // This entry was posted on Friday, April 8th, 2011 at 10:47 am and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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