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The Real Deal Miami

Small bump in South Florida housing prices

July 08, 2011 09:29AM

South Florida’s market may have stabilized, according to one research
firm whose data showed a slight uptick in home prices in the first half
of 2011. An estimate by Truckee, Calif.-based Clear Capital shows South
Florida home prices actually increased by 0.6 percent in the first six
months of this year. “It looks like the Miami market has hit a stable
point,” said Alex Villacorta, director of research and analytics at
Clear Capital. “This is the traditional spring, summer buying season
and, from a buyer’s point of view, it’s a great time to get in the
market.” [Miami
Herald]