Case Shiller Housing Index: July 2015: Home Sellers in Boca Raton Area Enjoying Price Increases

Sellers in the Delray Beach and surrounding areas continue to enjoy positive momentum in the housing market.  Whether you are seeking to sell your condo or looking to downsize from a single family home to a villa style residence, the sellers are benefiting from tight inventory and positive economic news.

David M. Blitzer, Managing Director of the Index Committee at S&P Dow Jones Indices commented in the July Case Shiller Home Price Index report, "prices of existing homes and housing overall are seeing strong growth and contributing to recent solid growth for the economy."  He also mentioned, "other positive indicators of current and expected future housing activity include gains in sales of new and existing housing and the National Association of Home Builders sentiment index.  An interest rate increase by the Federal Reserve, now expected in December by many analysts, is not likely to derail the strong housing performance."


For the US, measured from the peak of the market home prices to the current declines is about 11% to 13%.  Since the bottom, the US housing market prices have recovered by about 34% to 36% to today's prices.

Other areas of interest:

Jul-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	183.95	1.10%	4.30%
Chicago	133.36	0.90%	1.80%
Miami	201.3	0.40%	7.30%
Minneapolis	147.15	0.80%	3.60%
New York	180.44	0.50%	1.90%
Tampa	170.88	0.60%	5.50%
Composite 10	196.85	0.60%	4.50%
Composite 20	181.9	0.60%	5.00%
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 in Boca Chase, 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

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