South Florida home values won't be back to pre-recession peak levels for another five years.  That's according to housing research site

The region, which includes Palm Beach County, Broward and Miami-Dade, is expected to see home values go up by 6.1 percent during the next year, better than what's expected across the country, where values are forecast to increase by 4 percent. 

Local home values are still 36 percent below their peak in June of 2006.