Florida Home Prices

The Case-Shiller home price index for October came out this week and the results aren't pretty. Home prices took a dive in October across most of the nation as credit continued to tighten. Lenders continue to tighten standards for mortgage borrowers to the point that now half of all homeowners with mortgages couldn't qualify to refinance their current mortgage balance. For those that can, rates are at historic lows. This is a great time to refinance for those who qualify and are currently paying over 6.25%.






In Florida, home prices continue to fall. Historical data and my current forecast for prices into this summer are shown in the graph.