South Florida’s housing market will continue to improve in 2012 as home prices rise 6 percent through the rest of the year, a California research firm says. That forecast from Clear Capital would put Palm Beach, Broward and Miami-Dade counties among the 10 highest-performing large metro markets in the country.
Demand from foreign investors is slowly helping the South Florida market recover, said Alex Villacorta, director of analytics and research at Clear Capital of Truckee, Calif.
Less than a third of all home sales are from a lender. During the housing collapse, about 50 percent of sales involved a bank-owned home, Villacorta said. Phoenix is projected to have the biggest increase in prices at 12.1 percent. Tampa is next at 11.4 percent and Orlando is third at 9 percent. South Florida is ranked sixth.
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