Believe it or not, Miami real estate actually is doing better than the real estate in the rest of the country.
It’s all relative, of course. The deeper the hole, the more impressive the climb back to the top. But the Case-Shiller housing index shows South Florida’s rebound is going better than in other major cities. The index lumps Broward, Miami-Dade and Palm Beach into the umbrella term “Miami.”
These numbers were released two weeks ago. Here at ETM headquarters we crunched them for a story on the economy, so we wanted to share the leftovers. Check it out below.
(If you don’t see an interactive chart in this post, your browser doesn’t read the secret HTML code used by the Economic Time Machine. Apologies.)
The Miami Herald’s Economic Time Machine tracks 60 local indicators in an effort to chart South Florida’s recovery from the Great Recession. By comparing current conditions to where they were before the downturn, the ETM attempts to measure how far back the recession set the economy. The answer so far: September 2002. Visit ETM headquarters at miamiherald.com/economic-time-machine for the latest updates.