David Blitzer, the Chairman of the Index Committee stated, " the broad based deceleration in home prices continued in the most recent data." He went on to say, "however, home prices continue to rise at two to three time the rate of inflation."
As of July 2014, the average home price in the US are back to levels posed in the spring of 2005, according to the Case Shiller Index.
Also, the Case Shiller Index shows peak-to-current decline of 16% to 17% for the US, which is off the peak level of June / July 2006.
The US home market has recovered by about 29% off the March 2012 lows for the Case Shiller Composites.
Areas of interest:
| Jul-14 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 176.61 | 0.20% | 5.70% |
| Chicago | 130.71 | 0.60% | 4.00% |
| Miami | 187.69 | 0.80% | 11.00% |
| Minneapolis | 142.13 | 0.60% | 5.40% |
| New York | 177.02 | 1.10% | 3.80% |
| Tampa | 162.11 | 0.60% | 7.20% |
| Composite 10 | 188.29 | 0.60% | 6.70% |
| Composite 20 | 173.34 | 0.60% | 6.70% |
| Source: | |||
| S&P Indices | |||
| Firserv |
Call me today for more information.
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
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