The average rate for a fixed mortgage rose to the highest level in two years. Freddie Mac said the average 30 year loan rate is 4.58%. This is the highest level since July 2011, according to Freddie Mac.
Home buyers seem to be entering the market in order to lock in a lower rate and make a purchase as home prices are also on the rise. I expect to see increasing activity in the near future.
I have relationships with lenders and would be happy to introduce you to in order to discuss your situation.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. 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
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
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
Sunday, August 25, 2013
Case Shiller Housing Index: May 2013: US Price Rebound Continues; South Florida Market Remains "Hot"
The US housing market price rebound continued in May 2013, according to the Case Shiller Housing Index. On a sequential basis the market was up about 2.6% in May 2013 over April 2013. On a year-over-year basis the market was up about 12%, according to Case Shiller Housing Index.
The South Florida market improved 2.4% on a sequential basis in May 2013, which was inline with the nation, according to Case Shiller. However, the Case Shiller Index showed a year-over-year increase of 14.2% for the South Florida market in May 2013 over May 2012; this was better than the overall US market.
The average US home price was back to the spring 2004 levels, according to Case Shiller. The US market is approximately off 25% from the highs in June/July 2006. The index showed a trough in March 2012 and a recovery in home sales prices of about 16% from that time.
Other areas of interest:
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. 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
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
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
The South Florida market improved 2.4% on a sequential basis in May 2013, which was inline with the nation, according to Case Shiller. However, the Case Shiller Index showed a year-over-year increase of 14.2% for the South Florida market in May 2013 over May 2012; this was better than the overall US market.
The average US home price was back to the spring 2004 levels, according to Case Shiller. The US market is approximately off 25% from the highs in June/July 2006. The index showed a trough in March 2012 and a recovery in home sales prices of about 16% from that time.
Other areas of interest:
| May-13 | Monthly | Sequential | Annual | |
| Metropolitan Area | Level | Change | Change | |
| Boston | 161.94 | 1.80% | 7.50% | |
| Chicago | 117.9 | 3.70% | 8.50% | |
| Miami | 163.73 | 2.60% | 14.20% | |
| Minneapolis | 129.55 | 2.20% | 14.10% | |
| New York | 165.44 | 1.60% | 3.30% | |
| Tampa | 144.61 | 1.80% | 10.90% | |
| Composite 10 | 169.69 | 2.50% | 11.80% | |
| Composite 20 | 156.14 | 2.40% | 12.20% | |
| Source: | ||||
| S&P Indices | ||||
| Firserv |
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. 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
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
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
Subscribe to:
Posts (Atom)