Miami Real Estate Up According to Case-Shiller Report

Miami was one of three cities, including Phoenix and Washington D.C., to post a positive month-over-month change in housing prices according to Case-Shiller. Miami’s index gained 0.6 percent since December 2011.

The 20-city composite index was down 3.8 percent compared to January 2011 and fell 0.8 percent on a month-over-month basis. U.S. home prices are now roughly equal to those in early 2003.

Home prices dipped nationwide for the fifth consecutive month in January, according to Standard & Poor’s Case-Shiller Home Price Index.

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