South Florida Real Estate- Buying and Selling Homes in the Boca Raton Area: 4Q

Showing posts with label 4Q. Show all posts

Tuesday, February 24, 2015

Case Shiller Home Price Index: December 2014: South Florida Home Sales Price Increases More Than National Average

The latest Case Shiller Index information shows continued strength in price appreciation in the South Florida residential real estate market as of December 2014.

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

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

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

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

Monday, February 9, 2015

Case Shiller National Home Price Index: October 2014: South Florida Housing Market Shows Price Growth

The Case-Shiller Housing Index shows South Florida and San Francisco as the two areas that had solid year-over-year price increases during October 2014.

South Florida's housing market saw prices increase by 9.5% on a year-over-year basis in October 2014, according to Case-Shiller. During that same period, sequentially home prices rose 0.4%, according to Case-Shiller.

The US market as gauged by the Case-Shiller Composite-10 and Composite-20 showed a 4.5% year-over-year increase and a slight decline of 0.1% in October 2014.

David M. Blitzer, Managing Director and Chairman of the Index Committee commented, "after a long period when home prices rose, but at a slower pace with each passing month, we are seeing hints that prices could end 2014 on a strong note and accelerate into 2015."

Other areas of interest:

Oct-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	175.76	-0.50%	4.40%

Chicago	129.86	-1.00%	1.90%

Miami	190.09	0.40%	9.50%

Minneapolis	142.24	-0.30%	2.30%

New York	176.78	-0.50%	2.00%

Tampa	163.85	0.80%	6.10%

Composite 10	188.22	-0.10%	4.40%

Composite 20	173.36	-0.10%	4.50%

Source:
S&P Indices
Firserv

Sunday, December 28, 2014

Case Shiller Housing Index: September 2014: South Florida Home Price Increases Continues To Outpace US

The South Florida housing market saw a 0.6% sequential increase and a 10.3% annual increase in September 2014, according to the Case Shiller Housing Index. The Index reported the US saw flat sequential price increases and about 4.9% year-over-year home price increases during the same time frame; we used the Composite 10 and Composite 20 as the gauge for the US market.

David Blitzer, Managing Director of the Index Committee noted the US home price increases has been at a slower pace recently. He also noted the South Florida market "continues to impress" with a year-over-year gain of 10.3%.

The report stated, "as of September 2014, average home prices across the United States are back to their levels posted in the spring of 2005."

The report also noted, "measured from their June/July 2006 peaks, the peak-to-current decline for both Composites is approximately 15-17%. The recovery from the March 2012 lows is 28.8% and 29.6% for the 10-City and 20-City Composites."

Other areas of interest:

Sep-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	176.59	-0.10%	4.50%

Chicago	131.32	-0.20%	2.60%

Miami	189.4	0.60%	10.30%

Minneapolis	142.63	0.10%	3.10%

New York	178.14	0.00%	2.80%

Tampa	162.63	0.20%	5.40%

Composite 10	188.68	0.00%	4.80%

Composite 20	173.72	0.00%	4.90%

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, 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

Friday, April 25, 2014

Case Shiller Price Index: December 2013: Heat Remains In South Florida Real Estate Market

The South Florida real estate market continued to have price appreciation in December 2013, according to the Case Shiller Index. The Index indicated there was almost a 1.0% sequential increase and a 16.5% year-over-year increase in December 2013. This compares with a relatively flat prices on a sequential basis for the US and only a 13.5% annual increase in December 2013 for the US.

David Blitzer, Chairman of the Index Committee said, "The Case Shiller Index ended its best year since 2005. However, gains are slowing from month-to-month and the strongest part of the recovery in home values may be over."

He went on to say, "Recent economic reports suggest a bleaker picture for housing. Existing home sales fell 5.1% in January from December to the slowest pace in over a year. Permits for new residential construction and housing starts were both down and below expectations."

We are noting here that the Florida market has shown some of its strongest year-over-year growth comparisons during the December 2013 timeframe. A seasonally strong period for the South Florida market is the winter months; however, the comparison was with same period the previous year. We think this shows the South Florida real estate market continues to be a strong market with upward momentum in pricing.

Here are other areas of interest:

December	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	168.65	-0.10%	9.60%

Chicago	125.29	-0.50%	11.30%

Miami	177.57	0.90%	16.50%

Minneapolis	138.14	-0.70%	9.70%

New York	172.18	-0.30%	6.30%

Tampa	155.23	0.30%	15.80%

Composite 10	180.13	0.00%	13.60%

Composite 20	165.69	-0.10%	13.40%

Source:
S&P Indices
Firserv

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

Sunday, February 16, 2014

Case Shiller Price Index: November 2013: US Price Increases Start To Cool, Florida Remains Hot

Case Shiller Housing Report showed the South Florida market increased 1.1% on a sequential basis in November 2013, while the US slowed by -0.1% during the same time. On a year-over-year basis, South Florida's home prices were up 16.5% in November 2013, according to Case Shiller, and the US increased by about 13.7% during the same time.

The Case Shiller report noted, " Despite the slight decline (for the US), the (US composites) showed their best November performance since 2005. The report seems to indicate that despite a somewhat soft sequential decline, the US market was the most aggressive in the month of November since 2005.

The report also noted prices continued to rise despite an increase in mortgage rates during May 2013. Also, it was noted that mortgage applications were up as well.

Other areas of interest:

Nov-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	168.78	0.20%	9.80%

Chicago	125.87	-1.20%	11.00%

Miami	176.02	1.40%	16.50%

Minneapolis	139.05	0.00%	10.50%

New York	172.54	-0.40%	6.00%

Tampa	154.7	0.20%	15.70%

Composite 10	180.15	-0.10%	13.80%

Composite 20	165.8	-0.10%	13.70%

Source:
S&P Indices
Firserv

Case Shiller Price Index: October 2013: Florida's Home Prices Rebound Outpaces US in October 2013

The South Florida real estate market saw a 15.8% price increase in October 2013, over the previous year, according to the Case Shiller Housing Price Index. On a sequential basis, the South Florida market was up 1.1% in October 2013, according to Case Shiller.
The US continued to show upside price appreciation of 0.2% on a sequential basis in October 2013 and 13.6% year-over-year price appreciation during the same time frame, according to Case Shiller.

I continue to see solid demand for homes in the South Florida market. The Case Shiller report highlighted the South Florida market in its report: [the South Florida market's] "annual rate increased the most from 14.3% in September to 15.8% in October."

In regards to 2014, the Case Shiller report stated, "Most forecasts for home prices point to single digit growth in 2014." The quote is referring to price appreciation for the US housing market in 2014.

Some areas of interest:

Oct-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	168.43	-0.30%	8.60%

Chicago	127.42	-0.50%	10.90%

Miami	173.63	1.10%	15.80%

Minneapolis	139.11	0.50%	11.30%

New York	173.23	0.00%	4.90%

Tampa	154.4	0.10%	15.20%

Composite 10	180.27	0.20%	13.60%

Composite 20	165.91	0.20%	13.60%

Source:
S&P Indices
Firserv

South Florida Real Estate- Buying and Selling Homes in the Boca Raton Area