Tuesday, January 28, 2014

A Look at Case-Shiller by Metro Area

My website: www.sandralew.com

Los Angeles area average home prices were up 21.6% in November and was best year for gains since 2005. All cities posted year-over-year gains for 11 straight months. Increases are expected to still be moderate this year. Housing is still a good investment.

A Look at Case-Shiller by Metro Area

Wall Street Journal 10:18 am Jan 28, 2014 By Phil Izzo

Home prices extended a winning streak in November, with 2013 shaping up as the best year for gains since 2005, according to the S&P/Case-Shiller indexes.

The composite 20-city home price index, a key gauge of U.S. home prices, was up 13.7% in November from a year earlier. All 20 cities have posted year-over-year gains for 11 straight months.
Prices in the 20-city index were 0.1% lower than the prior month, but that’s mostly due to the weaker winter selling season. Adjusted for seasonal variations, prices were 0.9% higher month-over-month. Nine of the 20 cities posted a monthly declines, though on a seasonally adjusted basis priced no city saw a drop.

Though home-price gains have been strong, the Case Shiller data are lagged. Many expect increases to moderate this year. “The rapid gains in house prices over the past year are the result of low inventories of homes for sale and strengthening home buying activity. But a slowdown in the pace of house price appreciation is in store for 2014,” said Paul Diggle at Capital Economics. “We are anticipating a meaningful increase in the supply of homes for sale. The survey evidence suggests that rising prices are motivating more owners to list their homes. And judging by the recovery in housing starts, the inventory of new homes for sale is also set to rise strongly.



Atlanta
113.37
-0.3%
1.6%
18.5%
Boston
168.78
0.2%
1.3%
9.8%
Charlotte
124.83
-0.6%
0.5%
8.7%
Chicago
125.87
-1.2%
0.8%
11.0%
Cleveland
106.91
0.3%
1.2%
6.0%
Dallas
132.58
0.1%
1.0%
9.9%
Denver
146.45
-0.2%
0.5%
8.9%
Detroit
94.70
-0.1%
1.3%
17.3%
Las Vegas
128.00
0.6%
1.2%
27.3%
Los Angeles
214.79
0.1%
0.8%
21.6%
Miami
176.02
1.4%
1.6%
16.5%
Minneapolis
139.05
0.0%
0.8%
10.5%
New York
172.54
-0.4%
0.8%
6.0%
Phoenix
144.86
0.3%
0.4%
16.7%
Portland
159.92
-0.3%
0.7%
12.5%
San Diego
194.15
0.0%
0.7%
18.7%
San Francisco
180.19
0.4%
1.3%
23.2%
Seattle
160.17
-0.1%
0.4%
12.4%
Tampa
154.70
0.2%
1.1%
15.7%
Washington
203.71
-0.3%
0.7%
7.8%

Sources: S&P Dow Jones Indices and CoreLogic

 Source: http://blogs.wsj.com/economics/2014/01/28/a-look-at-case-shiller-by-metro-area-28/

 

 

1 comment:

  1. We offer fresh cut bank instrument for lease, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and others. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is opened to both those and corporate bodies.
    We are RWA ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact us via email:

    All relevant business information will be provided upon request.
    If Interested kindly contact me via Email:~
    Mr. Bernard butty
    Email: leasebutty.bg@gmail.com

    Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

    ReplyDelete