New record for home prices nationally, but not in South Florida

(Getty Images)

Nationally, home prices keep soaring. They reached another record high in January, according to the latest Case-Shiller home price index.

In South Florida, however, home prices remain well below their December 2006 apex.

Case-Shiller is an index, not a price. For Palm Beach, Broward and Miami-Dade counties, the measure peaked at 280.87 in late 2006, then cratered to 136.99 in April 2011.

South Florida prices are still off 21 percent from their high point. Meanwhile, home values in Denver, Seattle and Portland, Oregon, have hit new records.

Author: Jeff Ostrowski

Jeff covers the economy, banking and biotech for The Palm Beach Post.

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