Saturday, August 11, 2012

Case Shiller Housing Index: March 2012: US Housing Prices Bottoming Out?: Homes For Sale: Homes For Rent

The Case-Shiller Housing Index showed a year-over-year down comparison in March 2012 of about 2.7% and was down 0.1% sequentially.  The composites posted their lowest levels since the housing crisis began in mid-2006, according to the S&P/Case-Shiller Home Price Index.

David Blitzer, the Chairman of the Index Committe at S&P Indices said, "While there has been iprovement in some regions, housing prices have not turned." However, the sequential data trends and declining year-over-year decreases may indicate a leveling off of prices, in my opinion.

Some areas of interest:


Mar-12 Monthly Sequential Annual
Metropolitan Area Level Change Change
Boston 145.92 -0.20% -1.00%
Chicago 102.77 -2.50% -7.10%
Miami 140.76 0.90% -2.80%
Minneapolis 109.21 -0.90% 3.30%
New York 157.87 -0.90% -2.80%
Tampa 125.49 1.30% -1.00%
Composite 10 146.61 -0.10% -2.80%
Composite 20 134.1 0.00% -2.60%
Source:
S&P Indices
Firserv


As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.




For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550

http://MYsouthFLrealestate.com

Referrals are appreciated and welcomed.


Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty

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