South Florida Real Estate Might Recover by 2019

by Isaac Benmergui, Esq on January 2, 2013

Foreclosure1Home values in South Florida inched up about 1 percent per month in 2012, which puts the real estate market on track to fully recover by 2019; just six more years.

For South Florida homeowners, 2012 was, by far, the best year for their homes values since the housing bubble burst. If current trends continue, as the latest Case-Shiller numbers reveal, 2019 should bring the South Florida real estate market back to where it was pre-bust. Values fell off 48 percent since the housing bust in 2006.

A straight-line recovery is doubtful, but the continued upswing of South Florida’s real estate market over 2012 brings encouraging news for homeowners, especially if they intend to use the equity in their home to make home improvements, or will be looking to sell in the next few years.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.comfor more information or to set up an appointment today.

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