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."

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 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: January 2014: Cold Weather Up North, Good For South Florida Real Estate Market

The Case Shiller report for January 2014 showed a similar trend as the December 2013 report.  The South Florida market was up 0.7% sequentially in January 2014 and was up 16.5% on a year-over-year basis.  The US housing market was essentially flat on a sequential basis in January 2014 and was up about 13.4% on a year-over-year basis.

David Blitzer, Chairman of the Index Committee, stated, "The housing recovery may have taken a breather due to cold weather."  He went on to say, "expectations and recent data point to continued home price gains for 2014.  Although most analysts do not expect the same rapid increase we saw last year, the consensus is for moderating gains."

I think the cold winter in the northern portion of the US will help drive demand in South Florida.  While the severe cold may have hurt sales in the US for the month, South Florida's home price increase outpaced the US as a whole on a year-over-year basis and sequentially in January 2014.  Based on indications from clients in the north, I expect a pick up in demand for the South Florida housing market due to the inclement weather during the past winter.  This could translate into an outperformance in price appreciation for the South Florida market vis-a-vis the US as a whole.

Other areas of interest:

Jan-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	167.83	-0.50%	9.10%
Chicago	123.73	-1.20%	10.80%
Miami	178.85	0.70%	16.50%
Minneapolis	137.25	-0.60%	9.40%
New York	172.05	0.10%	6.70%
Tampa	155.79	0.40%	14.90%
Composite 10	180.08	0.00%	13.50%
Composite 20	165.5	-0.10%	13.20%
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

Case Shiller Index: January 2013: Shows Strong Year-Over-Year Price Appreciation:

The US housing market continues to show price appreciation on a year-over-year basis in January 2013, according to the Case Shiller Housing Index.

The US housing market was up in the range of 7.0% to 8.0% during January 2013 over January 2012. 

The South Florida housing market remains strong with almost 1.0% sequential growth and almost 11.0% year-over-year growth in January 2013.

The Case Shiller Report stated, "economic data continues to support the housing recovery.  Single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013.  Despite a slight uptick in foreclosure filings, numbers are still down 25% year-over-year.  Steady employment and low borrowing rates pushed inventories down to their lowest post-recession levels."

The data from the report is in line with what we have been stating during the past six months or more about the activity in the local South Florida market.  Inventory levels continue to be low and buyers are trying to get in before rates rise. 

A look at some of the markets we focus on:

Jan-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	153.8	0.10%	4.00%
Chicago	111.62	-0.70%	3.30%
Miami	153.51	0.80%	10.80%
Minneapolis	124.95	-0.20%	12.10%
New York	161.64	-0.50%	0.60%
Tampa	135.2	0.20%	8.90%
Composite 10	158.72	0.20%	7.30%
Composite 20	146.14	0.20%	8.10%
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
  

Palm Beach And Broward Counties Start 2013 With A Bang: Homes For Sale: Homes For Rent

With reports of bidding wars breaking out in the current South Florida market, it is no surprise that house prices are on the rise.

The Realtors in Palm Beach and Broward counties are reporting a rebound in the number of closings, pending sales and new listings in 2013.  These trends are in just about every area of residential real estate-- single family, condos, townhouses, etc.

Palm Beach County median single-family home prices rose 21% in January 2013 over January 2012, according to the Realtors in Palm Beach County.  Condo prices were up to $90,000 from $78,000 in January 2013 over January 2012, according to the Realtors in Palm Beach County.

Broward County reported a 15.4% increase for single-family home prices in January 2013 over January 2012, according to the Realtors in Palm Beach County.

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 Index: January 2012: US House Prices Continue To Decrease In 2012

The Case-Shiller Housing Index indicates the US housing market declined another 3.8% on a year-over-year basis in January 2012. Sequentially the market is down 0.8% in January 2012.

What I find interesting is US home prices did not experience a rebound with the recent decline in the unemployment numbers. I think there are several factors involved: 1) there are other factors involved in the drop in unemployment (i.e., those who gave up work are no longer considered "unemployed"); 2) tight lending standards are keeping a good number of potential buyers out of the market; 3) the "shadow" inventory of foreclosures post "robo-signing" are an overhang on the market; and 4) the recovery in the US economy is not as robust as one might think.

The South Florida housing market was down 1.9% on a year-over-year basis in January 2012, which was better than the national average of almost a 4% decline. On a sequential basis, the South Florida housing market saw a slight gain in prices of 0.6%, versus a 0.8% decline in home prices in January 2012.

Some markets of note:

January 2012January '12/December '11December/NovemberMetropolitan AreaLevelChange (%)

Change (%)1-Year Change (%)

Boston147.89-0.4%-1.2%-2.8%

Chicago108.15-1.9%-2.0%-6.6%

Miami138.590.6%0.2%-1.9%

Minneapolis111.42-0.8%-1.2%-1.8%

New York161.16-0.8%-1.4%-2.9%

Tampa124.14-0.8%-0.2%-3.8%

Composite-10148.40-0.8%-1.2%-3.9%

Composite-20135.46-0.8%-1.1%-3.8%

As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. 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
http://MYsouthFLrealestate.com

Referrals are appreciated and welcomed.

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

Homes For Sale: Case-Shiller Housing Index: January 2011: US Real Estate Pricing Pains Continue

As we have been discussing in prior posts, the South Florida housing market remains weak. According to the latest Case-Shiller Housing Index numbers, South Florida home prices fell for the sixth consecutive month in January 2011; falling to a new five-year low.

The Index's Miami metropolitan area, which includes Miami-Dade, Broward and Palm Beach counties — fell 1.3% between December 2010 and January 2011. On a year-over-year basis, home prices fell 4.7% in January 2011, according to the Case-Shiller Index.

According to the Case-Shiller Index, nation-wide home prices fell 1.0% on a sequential basis in January 2011. On a year-over-year basis the US housing market was down 3.1% in January 2011. Every market in the Case-Shiller Index experienced a sequenital decline in January 2011 with the exception of Washington D.C.

According to the Case-Shiller Index, US housing markets of interest were as follows:

January 2011 January '11/December'10 December/November
Metropolitan Area Level Change (%) Change (%) 1-Year Change (%)

Boston 152.07 -0.3% -0.2% -0.6%

Chicago 115.78 -1.8% -1.4% -7.5%

Miami 141.30 -1.3% -0.5% -4.7%

Minneapolis 113.21 -3.4% -1.5% -7.6%

New York 166.30 -0.9% -1.0% -3.0%

Tampa 128.52 -1.0% -2.7% -7.0%

Composite-10 154.65 -0.9% -0.9% -2.0%

Composite-20 140.86 -1.0% -1.0% -3.1%

As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free to contact me.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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