South Florida homes at 2002 prices

Homes in South Florida were at the same levels in June as they were in
2002, according to the S&P/Case Shiller Home Price Index. South
Florida’s index was at 139.46, down from its peak of 280.8 in December
2006. “This month’s report showed mixed signals for recovery in home
prices,” said David Blitzer, chairman of the index committee at S&P
Indices. “No cities made new lows in June 2011.” Homes in the tri-county
area were up 0.6 percent from May, but down 5.1 percent from the same
period in 2010. [Palm
Beach Post]