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South Florida Housing Market: Home prices up, down, depending on source
"If there was a crash, you'd see tremendous price discounts being offered. You see all these sales pitches, but overall you don't see sellers panicking." and Wire ReportsIn the past year, South Florida home prices have:A) Fallen 12.4 percent.B) Stayed flat.C) Risen 3 percent in Miami-Dade, declined 5 percent in Broward.Answer: All of the above, depending on which survey you believe.According to a widely followed national home price index released Wednesday, prices of homes in Miami-Dade, Broward and Palm Beach counties fell 12.4 percent in October from last year. The Standard & Poor's/Case Shiller index says the South Florida region posted the worst decline of 20 major metropolitan areas it follows. Read more