South Florida home values up 8%

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South Florida home values up 8 percent, surpassing national average By Kimberly Miller Palm Beach Post Staff Writer South Florida’s home values were up nearly 8 percent in the third quarter of the year from the same time in 2011 and are expected to outpace national price hikes through 2013.Palm Beach, Broward and Miami-Dade counties are forecast to experience a 3.8 percent rise in value over the next year compared to a national increase of 1.7 percent, according to a report to be released today by the online real estate firm Zillow.A nationwide home value increase of 1.3 percent in the third quarter from the second quarter was the biggest quarterly gain since March 2006.But analysts cautioned that the pace of real estate gains are uneven across regions and that 52 percent of markets nationwide saw dips in value in the third quarter.“While that doesn’t mean the recovery has come off the rails — in fact, most markets have hit bottom — it does present a confusing environment for consumers,” said Zillow Chief Economist Stan Humphries.South Florida hit% via South Florida home values up 8 percent, surpassing national… |

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