According to RealtyTrac, about 45% of US home purchases were cash deals in August 2013. Miami , FL was the leading area with about 69% of sales being for cash, followed by Detroit (68%), Las Vegas (66%), Jacksonville, FL (65%) and Tampa, FL (64%).
RealtyTrac reported 15% of US home sales were short sales in August 2013 and foreclosures made up about 10% of the US home sales.
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
Saturday, September 28, 2013
Friday, September 27, 2013
Case Shiller Housing Index July 2013: South Florida Outpaces US Housing Market Price Appreciation On Year-Over-Year Basis
The South Florida housing market experienced a price increase of 13.7% in July 2013 over July 2012, according to the Case Shiller Index. This compares favorably with about 12.4% price appreciation for the US market during the same timeframe, according to Case Shiller.
On a sequential basis the South Florida market did not keep up with the percentage price increase the the US market as a whole, according to Case Shiller. The Index showed the South Florida housing market was up 1.2% in price appreciation for July 2013 over June 2013, with the US being up around 1.9%.
Two interesting take-aways from the report, in my view. First, according to the Case Shiller report, "more cities are experiencing slow gains each month than the previous month, suggesting that the rate of increase may have peaked. Second, the report indicated it felt the rise in interest rates are affecting the US housing market. However, the Fed's announcment of QE3 bond buying "will continue for the time being and may have only a limited, though favorable, impact on housing."
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
On a sequential basis the South Florida market did not keep up with the percentage price increase the the US market as a whole, according to Case Shiller. The Index showed the South Florida housing market was up 1.2% in price appreciation for July 2013 over June 2013, with the US being up around 1.9%.
Two interesting take-aways from the report, in my view. First, according to the Case Shiller report, "more cities are experiencing slow gains each month than the previous month, suggesting that the rate of increase may have peaked. Second, the report indicated it felt the rise in interest rates are affecting the US housing market. However, the Fed's announcment of QE3 bond buying "will continue for the time being and may have only a limited, though favorable, impact on housing."
Other areas of interest:
| July | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 167.02 | 1.40% | 6.30% |
| Chicago | 125.69 | 3.20% | 7.80% |
| Miami | 169.07 | 1.20% | 13.70% |
| Minneapolis | 134.91 | 1.80% | 9.50% |
| New York | 170.96 | 1.50% | 3.50% |
| Tampa | 151.17 | 2.30% | 12.60% |
| Composite 10 | 176.52 | 1.90% | 12.30% |
| Composite 20 | 162.49 | 1.80% | 12.40% |
| 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
Case Shiller Housing Index June 2013: South Florida Price Increases Continue To Outpace US
As of June 2013, the average US home price was about 23% off the peak of June/July 2006, according to the Case Shiller Index. The bottom of the US housing market was March 2012 with the market improving around 19% in price appreciation since that time, according to the Case Shiller Index.
On a year-over-year basis the South Florida housing market appreciated 14.8% in June 2013 over June 2013, according to Case Shiller. The Case Shiller Composite for the US was up about 12% during the same time. On a sequential basis the South Florida market was on par with the US composite of about 2.1%, according to Case Shiller.
The Case Shiller report for the month noted "despite recent increases in mortgage interest rates, affordability is still good as credit qualifications have eased somewhat."
The South Florida housing market rebound has continued during the "off-season" months. There are some pockets of the South Florida market that favor sellers. It is important to work with an agent who understands your needs and how it matches with the current state of the local market and its individual sub-strata.
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
On a year-over-year basis the South Florida housing market appreciated 14.8% in June 2013 over June 2013, according to Case Shiller. The Case Shiller Composite for the US was up about 12% during the same time. On a sequential basis the South Florida market was on par with the US composite of about 2.1%, according to Case Shiller.
The Case Shiller report for the month noted "despite recent increases in mortgage interest rates, affordability is still good as credit qualifications have eased somewhat."
The South Florida housing market rebound has continued during the "off-season" months. There are some pockets of the South Florida market that favor sellers. It is important to work with an agent who understands your needs and how it matches with the current state of the local market and its individual sub-strata.
Other areas of interest:
| June | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 164.75 | 1.70% | 6.70% |
| Chicago | 121.81 | 3.30% | 7.30% |
| Miami | 167.1 | 2.10% | 14.80% |
| Minneapolis | 132.47 | 2.30% | 11.50% |
| New York | 168.65 | 2.10% | 3.30% |
| Tampa | 147.69 | 2.10% | 11.10% |
| Composite 10 | 173.37 | 2.20% | 11.90% |
| Composite 20 | 159.54 | 2.20% | 12.10% |
| 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
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