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

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-
Shiller.
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

Sergio@WienerLucena.com

Helpful Resources for Selling Your Home

Name Your Selling Price Receive an alert if a buyer is interested in your home at a specific price Smart Home Price Check your current home value and neighborhood activity any time you want. 7 Seller Tips Learn how to avoid the seven most expensive errors when selling your home