http://www.focusoneappraisal.com/ – Miami Commercial Real Estate Appraisers: Miami home prices dip in December 2009
The South Florida Business Journal is reporting on a Case-Shiller Study For Miami Home Prices, see chart below.
The Study concludes that (snippet):
“Home prices in Miami fell 9.9 percent between December 2008 and December 2009, but slipped just 0.3 percent between November and December, according to the 20-city S&P Case-Shiller home price index.”
“Going forward, forces that will bring home prices back down are growing. Demand has dropped as a result of the first-time homebuyer tax credit expiring,” noted Patrick Newport, a U.S. economist with IHS Global Insight.”
About George Kimmel, Miami Dade Commercial and Residential Appraiser:
George S. Kimmel
Focus One Appraisal, Inc.
Commercial & Residential Appraiser
Office: 305-830-0520
Fax: 305-572-7017
17495 NE 13th Avenue
N. Miami, FL 33162
