Report: Seattle home values up $80k over last year
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Home value increases good for owners, hard on renters and first-time buyers
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South Florida Home Price Increases âCould Become Worrisomeâ
Southeast Florida homes are selling for an average of roughly 13 percent more than they should, according to researchers at Florida Atlantic University and Florida International University.
Based on a quarter century of housing data, properties in Palm Beach, Broward and Miami-Dade counties were overvalued by 12.54 percent in April, an increase of more than 1 percent from 11.52 percent in March. While still far below the 65 percent overpricing achieved at the peak of the historic housing collapse of 2007, the size of the month-to-month jump is a concern, said Ken H. Johnson, Ph.D., an economist in FAUâs College of Business.