The latest S&P/Case-Shiller® Home Price Index® numbers came out this morning, covering sales that closed between December 2015 and February 2016. The national number showed a very modest change month to month of 0.20% and a more substantial year over year change of 5.29%. The gains overall in the last several months have been very slight , only 0.27% in total over a period of 6 months. This unimpressive advance, however, was still higher than the change in the Consumer Price Index between the same period (August to February), which declined 0.5%. During the 6 months before that, the HPI jumped by 5.0% while the CPI increased by 1.5%.
Over the past year the 20 metro areas reported by Case-Shiller rank as follows:
San Francisco 9.3%
Los Angeles 6.8%
Las Vegas 6.4%
San Diego 6.4%
New York 2.1%
Washington DC 1.4%
The west coast continues to appreciate the fastest, with Denver also very strong. Phoenix is in the middle of this pack of 20, but beat the overall average for the USA.
When we look at the month to month change we see:
San Francisco 1.06%
Los Angeles 0.70%
Las Vegas 0.21%
San Diego 0.06%
Washington DC -0.20%
New York -0.47%
Here the strength of the west coast is even more obvious compared to the declines of the east coast and upper mid west. Phoenix is right in the middle of the pack once again.
You can see both the long term and short trends in all 20 of the major metro areas here:
Author:Dave Zajdzinski Phone: 480-332-6468 Dated: April 29th 2016 Views: 252 About Dave: ...
Dave Zajdzinski and the Z TEAM bring over 15 years of real estate experience to home buyers and sellers throughout Arizona. We have helped hundreds of families meet their real estate goals and Dave is consistently ranked one of the top realtors in the Valley. As a Certified Distressed Property Expert, Dave specializes in short sale transactions as well as traditional home sales. The Z TEAM is small enough to be personal throughout your sale yet large enough to handle any need with great detail.
Another S&P/Case-Shiller® Home Price Index® report has been released
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