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South Florida home prices rise 8.3 percent in January

South Florida home prices rise 8.3 percent in January

Most of the country continues to chase South Florida when it comes home price increases. Palm Beach, Broward and Miami-Dade counties saw prices increase 8.3 percent in January from a year ago, according to the Standard & Poor's/Case-Shiller index. Only Denver at 8.4 percent had a larger gain among 20 major metro areas. Housing analysts often consider Case-Shiller the leading indicator of home prices because it tracks the price of the same house over time. Local Realtor boards measure home values by releasing a median price for homes sold in a given month. But the index, released on the last Tuesday of each month, lags Realtor board numbers and does not include condominium prices....

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