South Florida home prices jump 16.5%: Case-Shiller

South Florida home prices rose 16.5 percent from January 2013 to January 2014, according to the latest report from Standard & Poor’s/Case-Shiller.

The tri-county region was one of only seven metropolitan areas to show a gain in housing values from December 2013 to January 2014. Month-to-month prices rose 0.7 percent during that span. That hike is the second biggest increase after Las Vegas, which had a 1.1 percent month-to-month gain.

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In fact, South Florida’s home prices are at the highest level since August 2008. Nationally, home price gains slowed, as severe winter weather took its toll.

“The housing recovery may have taken a breather due to the cold weather,” David Blitzer, chairman of the index committee at S&P Dow Jones, said in a statement cited by the Miami Herald. [Miami Herald]Eric Kalis