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

Case Shiller Housing Index: March 2014: South Florida Price Recovery Outpacing The US

The Case Shiller Housing Index showed a 12.5% year-over-year increase for March 2014 over March 2013.  The South Florida market increased 16.2% during the same time-frame, according to the Case Shiller Index. On a sequential basis, the South Florida market was up 1.4% and the US market was up by about 0.8%, according to the Case Shiller Index.

David Blitzer, Chairman of the Index Committee stated, "year-over-year changes suggest that prices are rising more slowly."  He also said, "housing indicators remain mixed.  April housing starts recovered the drop in March but virtually all the gain was in apartment construction, not single family homes.  New home sales also rebounded from recent weakness but remain soft.  Mortgage rates are near a seven month low but recent comments from the Fed point to bank lending standards as a problem.  Other comments include arguments that student loan debt is preventing many potential first time buyers from entering the housing market."

Home prices for the US were back to mid-2004 levels in February 2014, according to Case Shiller.  Measured from the June/July 2006 peak, the US Composite is about 19%-20% off the high level.  The recovery from the March 2012 low is about 24%, according to Case Shiller.

Some area of interest:

Mar-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	168.54	0.90%	8.20%
Chicago	123.42	0.70%	11.50%
Miami	181.11	1.40%	16.20%
Minneapolis	137.33	1.00%	11.50%
New York	170.75	-0.30%	6.60%
Tampa	154.79	0.10%	10.70%
Composite 10	181.43	0.80%	12.60%
Composite 20	166.8	0.90%	12.40%
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

Case Shiller House Index March 2013 Shows Continued Rise In US Housing Prices

The recovery in US housing prices continues in March 2013, according to the Case-Shiller Home Price Index.  The US composite shows year-over-year growth of about 10% to 11% for March 2013; sequential growth as 1.4%.

The South Florida market saw prices move up 10.7% on an annual basis in March 2013, according to the Case-Shiller Home Price Index; sequentially, prices increased by 1.2%.  These statistics were more-or-less in line with the national averages by measure of the Case-Shiller Index.

I think the following is an interesting quote from the report:

“Other housing market data reported in recent weeks confirm these strong trends: housing starts and permits, sales of new home and existing homes continue to trend higher. At the same time, the larger than usual share of multi-family housing, a large number of homes still in some stage of foreclosure and buying-to-rent by investors suggest that the housing recovery is not complete.”

The average home price was back to the mid-2003 level in March 2103, according to the Case-Shiller report.  The decline for the US composites are still off about 28% to 29% from the peak value in June/July 2006. 

Other areas of interest:

Mar-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	155.71	1.20%	6.70%
Chicago	110.73	0.00%	7.80%
Miami	155.89	1.20%	10.70%
Minneapolis	123.15	-1.10%	12.50%
New York	161.54	-0.40%	2.60%
Tampa	139.91	2.60%	11.80%
Composite 10	161.48	1.40%	10.30%
Composite 20	148.65	1.40%	10.90%
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 Housing Index: March 2012: US Housing Prices Bottoming Out?: Homes For Sale: Homes For Rent

The Case-Shiller Housing Index showed a year-over-year down comparison in March 2012 of about 2.7% and was down 0.1% sequentially.  The composites posted their lowest levels since the housing crisis began in mid-2006, according to the S&P/Case-Shiller Home Price Index.

David Blitzer, the Chairman of the Index Committe at S&P Indices said, "While there has been iprovement in some regions, housing prices have not turned." However, the sequential data trends and declining year-over-year decreases may indicate a leveling off of prices, in my opinion.

Some areas of interest:

Mar-12	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	145.92	-0.20%	-1.00%
Chicago	102.77	-2.50%	-7.10%
Miami	140.76	0.90%	-2.80%
Minneapolis	109.21	-0.90%	3.30%
New York	157.87	-0.90%	-2.80%
Tampa	125.49	1.30%	-1.00%
Composite 10	146.61	-0.10%	-2.80%
Composite 20	134.1	0.00%	-2.60%
Source:
S&P Indices
Firserv

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

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