Case Shiller Housing Report showed the South Florida market increased 1.1% on a sequential basis in November 2013, while the US slowed by -0.1% during the same time. On a year-over-year basis, South Florida's home prices were up 16.5% in November 2013, according to Case Shiller, and the US increased by about 13.7% during the same time.
The Case Shiller report noted, " Despite the slight decline (for the US), the (US composites) showed their best November performance since 2005. The report seems to indicate that despite a somewhat soft sequential decline, the US market was the most aggressive in the month of November since 2005.
The report also noted prices continued to rise despite an increase in mortgage rates during May 2013. Also, it was noted that mortgage applications were up as well.
Other areas of interest:
| Nov-13 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 168.78 | 0.20% | 9.80% |
| Chicago | 125.87 | -1.20% | 11.00% |
| Miami | 176.02 | 1.40% | 16.50% |
| Minneapolis | 139.05 | 0.00% | 10.50% |
| New York | 172.54 | -0.40% | 6.00% |
| Tampa | 154.7 | 0.20% | 15.70% |
| Composite 10 | 180.15 | -0.10% | 13.80% |
| Composite 20 | 165.8 | -0.10% | 13.70% |
| 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)
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Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
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