It’s been a wild ride for South Florida home prices over the past 14 years. The housing boom of 2000 to 2005 brought record growth, with many middle-income consumers taking out toxic mortgages to buy homes they couldn’t afford. That led to the epic downturn, in which thousands of foreclosures sliced home values in half.
The bounce-back from the bottom in 2012 and 2013 also was intense, with investors fueling a resurgence in housing that saw bidding wars and fast price increases.
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