Housing Market Struggles To Stabilize

Data released this week showed that house prices have continued to decline for the sixth straight month overall, but there are some bright spots in the news.

According to the report released by Standard and Poor/ Case Schiller Home Price Indices, the annual decline posted was 3.6 percent and 3.5 percent for the 10-city and 20-city composites. Miami did see house prices rise by 0.6 percent where Tampa saw prices drop 0.2 percent.

According to an article in the Herald Tribune, Sarasota County saw a bit of an increase, up 4.4 percent in March, according to data from local Realtors associations. Many analysts say the data shows the housing market, while showing some bright spots, is still far from strong and may need awhile to truly recover.

If you would like to read the monthly report, click here.

If you need someone to represent you in a real estate transaction, contact the Schecter Law in Fort Lauderdale. We have been serving Southern Florida since 1976 and have the experience needed to make sure you have strong representation.