{"id":6585,"date":"2010-02-10T16:42:38","date_gmt":"2010-02-10T20:42:38","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=6585"},"modified":"2010-02-10T16:42:38","modified_gmt":"2010-02-10T20:42:38","slug":"half-of-homes-in-south-florida-sell-for-a-loss","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2010\/02\/half-of-homes-in-south-florida-sell-for-a-loss\/","title":{"rendered":"Half of homes in South Florida sell for a loss."},"content":{"rendered":"
Nearly half of South Florida homes sold in December did so at a loss, a 4 percent increase from the previous year and a “disturbing” sign for anyone with a home on the market.<\/p>\n
The data, released this morning by analysts at Zillow.com, evalu<\/a>ated sales by region, county and ZIP code \u2014 a measure that showed 53 percent of West Palm Beach homes sold at a loss in December, while 68 percent of Port St. Lucie homes were purchased at prices lower than the previous sale.<\/p>\n . . .<\/p>\n Ken Johnson<\/strong>, a Florida International University professor and real estate economist, said the statistics don’t surprise him. They reflect how inflated prices had become during the boom, he said.<\/p>\n