Case Shiller Home Price Index: July 2014: South Florida Home Price Increases Outpace The US

The South Florida market saw home prices increase 0.8% on a sequential basis and 11.0% on an annual basis in July 2014, according to the Case Shiller Home Price Index.  This compares with 0.6% and 6.7% for the US when looking at the Case Shiller Home Price Index Composite 10 and Composite 20.

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

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