Index: South Florida house prices up 16.2 percent in March 2014
June 3, 2014
An index measuring house prices in South Florida increased 16.2 percent in March from a year ago.
The Standard & Poor’s/Case-Shiller home price index tracks prices of the same house over time in Palm Beach, Broward andMiami-Dade counties and 19 other metro areas nationwide.
Las Vegas led the nation with a 21.2 percent increase in March from a year earlier, according to the index. San Francisco was second with a 20.9 percent jump.
While South Florida saw a larger annual gain in March than February, analysts and Realtor board data suggest prices here generally aren’t rising as quickly as they did last year. Price gains in other cities across the country appear to be slowing down as well, David M. Blitzer, chairman of the index committee at Standard & Poor’s, said in a statement.
Blitzer cited recent comments from the Federal Reserveabout restrictive lending standards hurting the housing market. Blitzer also pointed to Fed comments about student-loan debt keeping first-time homebuyers from jumping into the market.