On a sequential basis the South Florida housing market saw prices increase by 0.7% on a sequential basis and rose 8.4% on a year-over-year basis in December 2014, according to the Case-Shiller Home Price Index.The Case-Shiller Index for the US housing market as comprised by the Composite-10 and Composite-20 Case-Shiller benchmarks showed a 0.1% price uptick on a sequential basis and 4.3% and 4.5% increase, respectively, on an annual basis in December 2014.
David Blitzer, the Managing Director and Chairman of the Index Committee at S&P commented as follows, " the housing recovery is faltering. While prices and sales of existing homes are close to normal, construction and new home sales remain weak. Before the current business cycle, any time housing starts were at their current level of about one million at annual rates, the economy was in a recession."
The strongest markets by price appreciation was San Francisco and Miami (South Florida), according to the Case Shiller Index.
The Case-Shiller Index also shows that measured from the peak in June/July 2006, the Composites are about 16% to 17% off the top. The recovery since March of 2012 lows shows a recovery in the Case-Shiller Index of 28.2% for the Composite-10 and 29.1% for the Composite-20.
Other areas of interest:
| Dec-14 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 175.04 | -0.20% | 3.80% |
| Chicago | 126.98 | -0.90% | 1.30% |
| Miami | 192.49 | 0.70% | 8.40% |
| Minneapolis | 140.73 | -0.30% | 1.90% |
| New York | 175.24 | 0.00% | 1.90% |
| Tampa | 165.19 | 0.10% | 6.40% |
| Composite 10 | 187.81 | 0.10% | 4.30% |
| Composite 20 | 173.02 | 0.10% | 4.50% |
| Source: | |||
| S&P Indices | |||
| Firserv |
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