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SOUTH FLORIDA'S HOUSING MARKET REBOUND

 
 
Housing market rebound has been found to be uneven in South Florida.  Affluent neighborhoods such as Coral Gables, Pinecrest and Key Biscayne have made an incredible recovery while inner city home owners are still underwater struggling with home values.
 
“By contrast, the county’s affluent areas were spared. In the ZIPs covering Coral Gables and Pinecrest, for instance, the median price of a single-family home fell 27 percent from peak to bust, compared with a 45 percent loss in home values countywide during that dark period.” Miami Herald
 
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