The total value of homes in South Florida was $717 billion in November, up nearly 10 percent from a year ago, according to a published report.
That gain outpaced the 6.7 percent increase in total value of all U.S. homes, which have an estimated combined value of $27.5 trillion.
The total value of South Florida homes is expected to grow in the coming year, but only by 2 percent, according to a Zillow study reported by the Palm Beach Post.
The national total is predicted to rise 2.4 percent. [Palm Beach Post] — William J. Gorta