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Home Prices Up in Miami

Home prices up in Miami, across Florida


Florida home prices in April rose 5.5 percent from a year earlier,

marking the third-biggest increase in the nation behind Arizona and

the District of Columbia, according to CoreLogic.

For the greater Miami area, home prices, including distressed

sales, jumped 11.1 percent in April compared with a year earlier,

according to the Santa Ana, Calif.-based data firm.

Home prices nationwide, including distressed sales, rose 1.1

percent year-over-year in April, showing two consecutive months of

gains for the first time since June 2010, CoreLogic said.

April prices were up 8.8 percent in Arizona and 6.4 percent

in Washington, D.C. compared with a year earlier.

The state showing the biggest year-over-year decline was

Delaware, down 11.9 percent from April 2011, followed by Illinois,

where prices were off 6.8 percent from last year.

Florida prices have declined 46.5 percent from their peak

levels, compared with a national decline of 31.7 percent. That is the

second-biggest decline behind Nevada, which is down 58.9 percent,

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