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South Florida

Miami home prices down 6.2 percent

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Miami saw the sixth-largest drop among major U.S. metro areas in
February, dipping 6.2 percent, according to a report from
S&P/Case-Shiller. “There is very little, if any, good news about
housing,” said David Blitzer, chairman of the Index Committee at S&P
Indices, in a statement. “Prices continue to weaken, trends in sales
and construction are disappointing.” Blitzer cautioned that a ranking of
20 major metro areas was “within a hair’s breadth of a double dip.” [SFBJ]

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