Miami home values may have peaked. But how will that affect prices?
A new report by the online real estate firm Zillow shows home values fell in 32 of the 35 largest housing markets in the U.S. in April, including the Miami-Fort Lauderdale area, even though sales prices continued to rise.
Although the fluctuations are too small to be evidence of a momentous change, they are indications that the runaway prices that have made housing in South Florida too expensive for locals may be finally cooling off.
According to Zillow’s data, home values fell 0.1 percent month-over-month in March and 0.5 percent month-over-month in April. The dips mark the first time Miami home values […] Read more