Case Shiller Home Price Index: June 2015: Delray Beach Area Home Price Appreciation Outperforms US

Thinking of selling your house?  Do you know what your home is worth? The housing market indications are it is a good time to sell.  I can help you get the most money for your home.

Those who were selling their homes in the Boca Raton Florida area saw prices grow faster than the average in the US during June 2015 when compared with June 2014, according to the Case Shiller Home Price Index.  On a year-over-year basis, the South Florida region saw home prices increase 7.7% in June 2015 over June 2014, according to the Case Shiller Index.  This compares favorably to the US based on the Composite-10 and Composite-20 Indexes, which were up 4.6% and 5.0%, respectively, during the same time frame.

On a sequential basis, South Florida was up 0.3% in June 2015, which compares unfavorably to the Composite-10 and Composite-20 of about 1.0%.

Other areas of interest:

Jun-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	182.04	1.50%	3.30%
Chicago	131.72	0.70%	1.40%
Miami	200.66	0.30%	7.70%
Minneapolis	146.06	1.20%	3.40%
New York	179.98	1.20%	2.80%
Tampa	169.81	0.30%	5.40%
Composite 10	195.89	0.90%	4.70%
Composite 20	180.88	1.00%	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 Toscana in Highland Beach, 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 Raton, Boynton 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

Case Shiller Home Price Index: May 2015: Home Prices Still Rising in Boca Raton and South Florida

With home prices continuing to climb in the Delray Beach area, it might make sense if you are thinking of selling your home to list it now.  If you are expecting to purchase a home in the Boca Raton or Boynton Beach area, now could be a good time as prices continue to rise.  Call me on my cell phone at 561-247-3550 in order to discuss your situation.

The price of homes in the US rose by about 4.8% in May 2015 over May 2014, according to the Case Shiller Home Price Index when looking at the 10-City and 20-City composite.  The Case Shiller Index shows South Florida home prices increased by 8.0% on a year-over-year basis in May 2015.

David Blitzer, Managing Director and Chairman of the Index Committee stated, "as home prices continue rising, they are sending more upbeat signals than other housing market indicators."  He continued, "nationally, single-family home price increases have settled into a steady 4%-5% annual pace following the double digit bubbly pattern of 2013.  Over the next two years or so, the rate of home price increases is more likely to slow than accelerate.  Prices are increasing about twice as fast as inflation or wages."



I found the comments on first time home buyers in the report to be interesting.  David Blitzer said, "first time home buyers are the weak spot in the market.  First time buyers provide the demand and liquidity that supports trading up by current home owners."  He also quoted research by the New York Fed that pointed to "the size of mortgage down payments as a key factor".  The press release stated, "mortgage rates are far less important to first time home buyers than down payments."

Measured from the peak in June/July 2006, the current decline is approximately 13%-15% off the top.  Since the bottom in March 2012, the 10-City and 20-City composites have recovered, 32.5% and 33.5%, respectively.

Other areas of interest:

May-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	179.3	1.50%	2.20%
Chicago	130.81	1.30%	2.20%
Miami	200.07	0.80%	8.00%
Minneapolis	144.45	1.10%	3.00%
New York	177.4	1.00%	3.00%
Tampa	169.39	0.70%	6.40%
Composite 10	194	1.10%	4.70%
Composite 20	179.03	1.10%	4.90%
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 Lago in Boca Raton, 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 Raton, Boynton 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

Boca Raton, Florida Nightclub Featured Snoop Dogg at Grand Opening

Boca Raton and the surrounding areas offer many nightlife activities.  You can join famous musicians in the Boca Raton area.  The Blog is designed to highlight some of the notable events in the area and also provide insight to those looking at homes for sale in Boca Raton and those who are thinking of selling their Boca Raton home.

For those who think Boca Raton, Florida lacks a nightlife, think again.

Snoop Dogg, the singer/songwriter was at the grand opening of Sakred Nightclub and Lounge on the corner of Jog Road and Palmetto Park Road on June 23rd.  

Earlier in the day Snoop Dogg was in Fort Lauderdale, Florida making an apperance for Cuca Fresca, which is an "organic artisanal cachaca" from Brazil, a distilled liquor made from sugar cane juice.

There is plenty to do in the South Florida area.  If you want to buy a home in the Boca Raton area, I can help.  I also assist those who want to sell a home in the Boca Raton area.  Please contact me on my cell phone at 561-247-3550.

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 Raton, Boynton 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

Case Shiller Home Price Index: April 2015: South Florida Home Prices Beat US Increase- Is Now A Good Time To Sell My Home In Delray Beach

The Case Shiller Home Price Index indicates US home prices rose by almost 5.0% in April 2015 over April 2014.  We measure this by utilizing the Case Shiller 10- City Composite and the 20- City Composite.

In comparison to the US, South Florida home prices increased by 8.5% in April 2015 on a year-over-year basis, according to Case Shiller Index.

Sequentially, the South Florida market home price increased by 0.9%, approximately 10 basis points below the US as indicated by the Case Shiller 10- and 20- City Composite.

The US housing market price was similar to prices during autumn 2004, according the Case Shiller Index.  US home prices remain at about 14% to 16% below the June/July 2006 peak, according to the Case Shiller Index.  When measuring from the March 2012 low, US home prices have appreciated by about 31% to 32%.

Other areas of interest:

Apr-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	176.69	0.30%	1.80%
Chicago	129.15	1.10%	2.50%
Miami	198.51	0.90%	8.50%
Minneapolis	142.78	1.20%	3.20%
New York	175.5	0.50%	2.80%
Tampa	168.48	0.80%	7.60%
Composite 10	191.8	1.00%	4.60%
Composite 20	177.01	1.10%	4.90%
Source:
S&P Indices
Firserv

If you are selling your home in the Delray Beach area, indications are it could be a favorable time.  Please contact me on my cell phone at 561-247-3550 for more information.



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 Raton, Boynton 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

South Florida Renters Pay Among The Highest Percentage Of Income Towards A Place To Live

The Sun-Sentinel newspaper ran an interesting article on August 31, 2014 regarding South Florida renters.  According to the piece, South Florida renters pay about 44% of their incomes towards rent.  Zillow reported the national average was 30% of income going towards rent.

The ratio of rent to income for South Florida was third in the nation, on par with San Francisco and below Los Angeles (48%).  According to the Sun-Sentinel article, which was quoting from a Zillow study, South Florida renters paid about 34% of income towards rent ten years ago and the national average was around 26% at the same time.

According to the Sun-Sentinel, the median monthly rent for Palm Beach County was $1,364 in 2014, up from $1,173 in 2011.  Of note, the U.S. Department of Housing and Urban Development reported Palm Beach County's median household income was $63,300 in 2014, which is the same as in 2011.  This means people in Palm Beach County have less discretionary income when compared with a few years ago.

Call me today for more information.

I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. 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 Raton, Boynton 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

Case Shiller Housing Index: June 2014: South Florida Housing Market Price Increases Continue

The South Florida real estate market saw prices increase by 11.5% on a year-over-year basis in June 2014, according to the Case Shiller Index.  This compares favorably with the US as a whole, which increased by 8.1% in June 2014 over June 2013, as measured by the Case Shiller Composite-10 and Composite-20, according to the Case Shiller Index.

However, the Case Shiller Index on a sequential basis shows the South Florida market was up only 0.6%, compared with 1.0% for the US in June 2014.  All-in-all, the Index is showing continued price appreciation.

David Blitzer, Chairman of the Index Committee stated, "for the first time since February 2008, all cities showed lower annual rates than the previous month.  Other housing indicators-- starts, existing home sales and builders' sentiment -- are positive.  Taken together, these point to a more normal housing sector."

The average home price across the US in June 2014 is at the level of the spring of 2005, according to Case Shiller Index.

According to Case Shiller, the average national home price is approximately 17% in July 2014 off the peak of June / July 2006.  The Index also shows the national composites are about 27.8% to 28.5% higher in June 2014 when compared with the March 2012 low point.

Areas of interest:

Jun-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	176.28	0.50%	7.00%
Chicago	129.83	1.40%	6.60%
Miami	186.39	0.60%	11.50%
Minneapolis	141.27	0.60%	6.70%
New York	175.26	1.60%	4.30%
Tampa	161.25	1.20%	9.10%
Composite 10	187.19	1.00%	8.10%
Composite 20	172.33	1.00%	8.10%
Source:
S&P Indices
Firserv

Call me today for more information.

I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a licensed Florida real estate agent and Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. 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, 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 Raton, Boynton 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

Case Shiller Index: May 2014: South Florida Home Price Appreciation Continues To Be More Robust Than Overall US Market

While the US market as gauged by the Case Shiller Composite-10 and Composite-20 was up 1.1% on a sequential basis in May 2014, the South Florida market showed appreciation of 1.2%.  On an annual basis, South Florida saw home prices appreciate by 13.2% in May 2014, over May 2013, versus only a 9.3% increase for the US (i.e., Composites).

For the US a whole, David Blitzer, Chairman of the Case Shiller Index Committee pointed out, "home prices rose at their slowest pace since February of last year."  He further stated, "housing has been turning in mixed economic numbers in the last few months.  Prices and sales of existing homes have shown improvement while construction and sales of new homes continue to lag."

Concerning average US home prices, Case Shiller notes they are back to summer of 2004 levels.  Regarding the decline since the peak prices of June/July 2006, the Composites have declined by about 17% to 18%, according to Case Shiller.  The Index also notes, price recovery for the US market from the March 2012 low has been around 26.5% to 27.3%.


Other areas of interest:

May-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	175.3	1.10%	8.20%
Chicago	127.96	1.50%	8.50%
Miami	185.32	1.20%	13.20%
Minneapolis	140.37	1.30%	8.40%
New York	172.53	1.00%	4.80%
Tampa	159.33	1.80%	10.20%
Composite 10	185.33	1.10%	9.40%
Composite 20	170.64	1.10%	9.30%
Source:
S&P Indices
Firserv

Call me today for more information.

I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. 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, 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 Raton, Boynton 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