<span>Miami Real Estate Market: Still 32.6% UNDERVALUED </span>
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Miami Real Estate Market: Still 32.6% UNDERVALUED

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UPVLZZZ5PX65Q18Rfrom Miami Herald by NICHOLAS NEHAMAS
Florida single-family home prices rose 6.5 percent in January compared to the year before.

That was higher than the U.S. average of 5.7 percent but than lower national leaders including Colorado (9.1 percent growth), Michigan (9.0 percent growth) and Texas (8.3 percent growth). Those figures include distressed sales.

The housing market has rebounded after being devastated in the wake of the financial crisis. But Florida home values are still 32.6 percent lower than their pre-recession peak.

“We continue to see a strong and progressive uptick in home prices as we enter 2015,” said Anand Nallathambi, CEO of CoreLogic, a California-based property analytics firm that collected and analyzed the data. “We project home prices will continue to rise throughout the year and into 2016.”

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