Tuesday, February 10, 2015

Case Shiller Home Price Index: November 2014: South Florida One Of The Leading Areas For Home Price Appreciation In US


The Case Shiller Composite-10 and Composite-20 showed a sequential decrease of -0.3% and -0.2%, respectively in November 2014; the Composites were up 4.2% and 4.3% on a year-over-year basis in November, respectively.
South Florida and San Francisco lead all US cities in year-over-year home price gain in November 2014, according to the Case Shiller Home Price Index.  



This compares with South Florida which showed a 0.6% sequential increase in November 2014, according to Case Shiller and a year-over-year increase of 8.6%.

David Blitzer, Managing Director and Chairman of the Index Committee stated, "with the spring home buying season and spring training, still a month or two away, the housing recovery is barely on first base.  Prospects for a home run in 2015 aren't good.  Strong price gains are limited to California, Florida, the Pacific Northwest, Denver and Dallas.  Most of the rest of the country is lagging the national index gains."


Other areas of interest:



Nov-14 Monthly Sequential Annual
Metropolitan Area Level Change Change
       
Boston 175.45 -0.20% 4.00%
       
Chicago 128.37 -1.10% 2.00%
       
Miami 191.13 0.60% 8.60%
       
Minneapolis 141.12 -0.70% 1.50%
       
New York 175.33 -0.80% 1.50%
       
Tampa 165.18 0.80% 6.80%
       
Composite 10 187.71 -0.30% 4.20%
       
Composite 20 172.94 -0.20% 4.30%
       
Source:      
S&P Indices      
Firserv      



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Michael Friedman
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Lang Realty
561-247-3550

An Analytical Approach To Buying, Selling and Leasing Real Estate
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