Tuesday, April 7, 2015

Case Shiller Home Price Index: January 2015: South Florida Continues to Shine

There are many homes for sale in Boca Raton.  I can help you find a home for sale in Boca Raton or list your home for sale in the Boca Raton area.  In either case, it is important to know the individual market in the South Florida area in which you are interested in buying or selling in.


Denver and South Florida reported the highest year-over-year gains in January 2015, according to the Case Shiller Home Price Index.

South Florida had a year-over-year increase of 8.3%, according to Case Shiller, in January 2015, which compares with about 4.5% for the US as per the Case Shiller Composites 10 and 20.

Case Shiller showed that on a sequential basis South Florida increased in value by 0.7% in January 2015, compared with a flat sequential comparison for the US as reflected in the Composites 10 and 20.

David Blizer, Managing Director and Chairman of the Index Committee said the following in the January 2015 report: "The combination of low interest rates and strong consumer confidence based on solid job growth, cheap oil and low inflation continue to support further increases in home prices."
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He went on to say, "Despite price gains, the housing market faces some difficulties.  Home prices are rising roughly twice as fast as wages, putting pressure on potential homebuyers and heightening the risk that any uptick in interest rates could be a major setback.  Moreover, the new home sector is weak; residential construction is still below pre-crisis peak."


Other areas of interest:

Jan-15 Monthly Sequential Annual
Metropolitan Area Level Change Change
Boston 175.69 0.40% 4.70%
Chicago 126.81 -0.20% 2.50%
Miami 193.76 0.70% 8.30%
Minneapolis 140.2 -0.30% 2.20%
New York 175.54 0.20% 2.10%
Tampa 164.69 -0.30% 5.70%
Composite 10 187.8 0.00% 4.40%
Composite 20 172.94 0.00% 4.60%
Source:
S&P Indices
Firserv


I take an analytical approach to buying, selling and leasing real estate.  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 RatonBoynton 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


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