|
The Miami Herald Money Matters column.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 28-AUG-05 |
|
|
|
How to access the full article: Free access to all articles is available courtesy of your local library. To access the full article click the "See the full article" button below. You will need your US library barcode or password.
|
|
|
COPYRIGHT 2005 The Miami Herald
Byline: Harriet Johnson Brackey
Aug. 28--Home prices make me nervous, but not for the reasons you might expect.
I'm not worried about where the market's headed. I'm concerned much more about how you view your home equity, how much you're counting on it.
Certainly, plenty of people around here are living in homes that are worth twice what they were worth just a few years ago.
Even the newest South Florida homeowners should be feeling well-off, because the average single-family home price today is up 28 percent from a year ago in both Broward and Miami-Dade. That's according to the Florida Association of Realtors' monthly index of prices.
My concern is that when any single one of your assets grows so large as to overwhelm the rest, there's a risk.
A risk that the Big Asset might reverse course....
Read the full article for free courtesy of your local library.
|
|
|
|
 |
| More Articles from The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) |
Florida utility scrambles to return power to Miami-Dade, Broward count...
August 30, 2005
|
The Miami Herald Business Monday Makeover column.
August 30, 2005
|
KILL: The Miami Herald Business Monday Makeover column.
August 30, 2005
|
It's business, but not as usual.
August 28, 2005
|
Taking hotel service to the highest level.
August 29, 2005
|
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
