Case Shiller Housing Index: September 2014: South Florida Home Price Increases Continues To Outpace US

The South Florida housing market saw a 0.6% sequential increase and a 10.3% annual increase in September 2014, according to the Case Shiller Housing Index.  The Index reported the US saw flat sequential price increases and about 4.9% year-over-year home price increases during the same time frame; we used the Composite 10 and Composite 20 as the gauge for the US market.

David Blitzer, Managing Director of the Index Committee noted the US home price increases has been at a slower pace recently.  He also noted the South Florida market "continues to impress" with a year-over-year gain of 10.3%.

The report stated, "as of September 2014, average home prices across the United States are back to their levels posted in the spring of 2005."

The report also noted, "measured from their June/July 2006 peaks, the peak-to-current decline for both Composites is approximately 15-17%. The recovery from the March 2012 lows is 28.8% and 29.6% for the 10-City and 20-City Composites."

Other areas of interest:

Sep-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	176.59	-0.10%	4.50%
Chicago	131.32	-0.20%	2.60%
Miami	189.4	0.60%	10.30%
Minneapolis	142.63	0.10%	3.10%
New York	178.14	0.00%	2.80%
Tampa	162.63	0.20%	5.40%
Composite 10	188.68	0.00%	4.80%
Composite 20	173.72	0.00%	4.90%
Source:
S&P Indices
Firserv

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