Saturday, January 30, 2016

The S&P/Case-Shiller Index is about 5% Below It’s 2006 Peak. Is it a good time to sell?

By Sergio Lucena PA

 Smart home Price

The S&P/Case-Shiller Index is about 5% Below It’s 2006 Peak! 

The worst of the housing crisis is a distant memory for most Americans. Home prices are up across the board and in some cities, new price records are being set, according to The S&P/Case-Shiller National Home Price Index.
Dallas, Denver and Portland, OR have all reach new all time home price highs, according to Case-Shiller. Portland led the way with an 11.1% increase in year-over-year home price increases in November 2015 (the most recent Case-Shiller data available). San Francisco followed with an 11% increase and Denver, 10.9% increase.
Nationally, home prices increased 5.3% in November 2015, according to Case-

Click here to see The S&P/Case-Shiller National Home Price Index South Florida 
In it’s most recent report, Case-Shiller, a leading analytics company, found the housing market has rebounded soundly. The Index is now about 29% above its January 2012 rock bottom.
For those who like to compare the housing market to the stock market, the S&P 500 is up 46% from January 2012. On the surface, it may seem that buying stocks is a better value than buying a home, but it depends on how you look at it.
Rents are skyrocketing — outpacing inflation — and there’s no relief in sight.

 Is it a good time to sell your home?

Call me for information about prices in your area. 
Sergio Lucena PA 
561 654 6262

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