BOCA RATON, FL (BocaNewsNow.com) — It’s a good time to buy, not such a good time to sell — at least that’s one take away from the just released Case-Shiller home price index.
While some real estate professionals try to paint a rosy picture of the ‘recovery’ nationwide and here in South Florida, the reality is a somewhat different story. Miami — which was among the hardest hit during the bubble burst — showed a 0.2% increase in housing prices. Compared to places like Atlanta — which suffered a 12.8% drop, that’s pretty good.
But no home seller is going to tell you that a .2% increase is rosy.
Click here for the entire press release from S&P. If you’re into Real Estate, it is a fascinating read.