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

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

Did The US Housing Market Fully Recover To Previous High Levels?

If you are waiting to sell your home in the Highland Beach area at the high-water mark, you are getting closer, according to the Case Shiller Housing Index.  If you are interested in selling your home and want to know how much your house is worth, call me at 561-247-3550.

According to the Case Shiller Index, the average home price in the 10-City and 20-City Composites are back to the winter of 2005 levels and off 12% to 14% from the June/July 2006 peak.

Case Shiller Index states the low point was March 2012 and the 10-City and 20-City Composites have rebounded by about 34% to 35% from the time.

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: 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

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

Case Shiller Home Price Index: March 2015: South Florida Home Prices Increased- Good Time To Sell Your Home In Boca Raton?

If you are thinking of selling your Boca Raton home or in the market to buy a house in Boca Raton or the surrounding South Florida area, it is important to understand the current market.  The posts are designed to keep home sellers and home buyers in the are informed.

Home prices in the US increased by almost 5.0% in March 2015 over March 2014, according to the Case Shiller Home Price Index; this is indicated by the 10- City Composite and the 20- City Composite.

South Florida home prices increased by 8.7% in March 2015 over March 2014, according to Case Shiller Index.

On a sequential basis, the South Florida market home price increased by 1.0%, approximately 10 basis points better than the US as indicated by the Case Shiller 10- and 20- City Composite.

According the Case Shiller Index, home prices are back to autumn 2004 prices.  When measuring from the June/July 2006 peak, the US market declined by about 15% to 16%, according to Case Shiller.  The Index also indicates a recovery in US home prices of about 30% to 31% from the March 2012 low.



If you are interested in selling your home in the Boca Raton area, now may be a good time to get the highest sales price.

Other areas of interest:

Mar-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	176.14	0.40%	4.60%
Chicago	127.77	0.90%	3.40%
Miami	196.77	1.00%	8.70%
Minneapolis	141.27	0.90%	3.00%
New York	175.12	-0.10%	2.70%
Tampa	167.36	1.40%	8.10%
Composite 10	190.04	0.80%	4.70%
Composite 20	175.2	0.90%	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, 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