best fort lauderdale real estate agent

Jim Esposito

Intercoastal Realty

(954) 336-3776

housing market updates

search florida homes for sale


fort lauderdale real estate news

Home    


Like This Blog? Click Here to Share with Your Friends and Colleagues

 

Help Me CRUSH My Competition



Ft Lauderdale Real Estate News 04/02/14


florida home prices appreciation 13.1% in past year, still remain well off their peak


CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, released its February CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including distressed sales, increased 12.2 percent in February 2014 compared to February 2013. This change represents 24 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 0.8 percent in February 2014 compared to January 2014.*

At the state level, including distressed sales, 14 states showed double-digit year-over-year growth in February; and Colorado, Nebraska, North Dakota, Texas and the District of Columbia all reached new home price highs. Additionally, 22 states were at or within 10 percent of their price peaks.

Excluding distressed sales, home prices nationally increased 10.7 percent in February 2014 compared to February 2013 and 0.9 percent month over month compared to January 2014. Also, all 50 states and the District of Columbia showed year-over-year home price appreciation when distressed sales were excluded. Distressed sales include short sales and real estate owned (REO) transactions.

Beginning with the February 2014 HPI report, CoreLogic is introducing a new forecast metric that provides an advanced indication of trends in home prices. Individual forecasts, making up the CoreLogic HPI Forecasts,™ provide forward-looking insight among the various categories of the CoreLogic HPI. Including distressed sales, the forecast indicates that home prices are projected to increase 0.5 percent month over month from February 2014 to March 2014. Furthermore, the forecast indicates that home prices, including distressed sales, are expected to increase 10.5 percent year over year from March 2013 to March 2014. Excluding distressed sales, home prices are poised to rise 0.4 percent month over month from February 2014 to March 2014 and 9.3 percent year over year from March 2013 to March 2014. The CoreLogic HPI Forecasts are a monthly forecast built on the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices by the number of owner-occupied households for each state.

“As the spring home-buying season kicks off, house price appreciation continues to be strong,” said Dr. Mark Fleming, chief economist for CoreLogic. “Although prices should remain strong in the near term due to a short supply of homes on the market, price increases should moderate over the next year as home equity releases pent-up supply.”

“February marks two straight years of year-over-year gains in national prices across the United States,” said Anand Nallathambi, president and CEO of CoreLogic. “The consistent upward movement in home prices should ultimately prove to be an important stimulant for higher levels of sustained market activity and growth in the housing economy.”


Highlights as of February 2014:


Including distressed sales, the five states with the highest home price appreciation were California (+19.8 percent), Nevada (+18.5 percent), Georgia (+14.2 percent), Oregon (+13.8 percent) and Michigan (+13.5 percent).

Excluding distressed sales, the five states with the highest home price appreciation were California (+15.9 percent), Nevada (+14.6 percent), Florida (+13.1 percent), Washington (+11.5 percent) and Hawaii (+11.5 percent).

Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to February 2014) was -16.9 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -12.1 percent.

Including or excluding distressed sales, no state posted home price depreciation in February 2014.

The five states with the largest peak-to-current declines, including distressed transactions, were Nevada (-39.9 percent), Florida (-36.4 percent), Rhode Island (-30.9 percent), Arizona (-30.5 percent) and West Virginia (-26.6 percent).

Ninety-six of the top 100 Core Based Statistical Areas (CBSAs) measured by population showed year-over-year increases in February 2014. The four CBSAs that did not show an increase were Little Rock-North Little Rock-Conway, Ark., Milwaukee-Waukesha-West Allis, Wis., Rochester, N.Y. and Virginia Beach-Norfolk-Newport News, Va.-N.C.


*January data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.


© 2014 Corelogic



OUR TAKE

Interesting report and you can download it below, but we thought you might like to see stats that applied strictly to Florida.

Using the national figures as a baseline: the HPI (Home Price Index) rose 12.2% year over year (from February 2013 to February 2014), which is still down 16.9% from the peak of April 2006.

Excluding distressed sales Florida was third among states with the highest year over year home price appreciation at 13.1%, beating the national median by almost a full percentage point.

It is also somehwat interesting to note that when you include distressed sales, Florida is NOT in the top five, illustrating once again Buyers get less of a discount on foreclosures and short sales in the Sunshine State.

Florida is also second in the nation, behind only Nevada, however, in how far home prices remain off their peak – 36.4%.

This shows prices still have a lot of upside.



Corelogic February 2014 Report


Click Here




To see the February 2013 housing data reports
from the florida association of realtors
click on the links below:


Single Family February 2014


Condos February 2014



To see stats in indvidual markets:


Market Sales Activity February 2014



Click on Image to View The Latest
Metro Home Prices Report
from the National Association of Realtors


foreclosure single family east of Intracoastal

To see 2013 year end housing data reports
from the florida association of realtors
for statewide residential real estate activity
click on the links below:


Single Family 2013


Condos 2013



To see stats in indvidual markets:


Market Sales Activity




To see more great real estate investments go to

Investor Central




HyperSmash
Pingates

Find out more at:

http://www.fortlauderdalebeachproperty.com


If you are not on the phone to me right now
you are costing yourself money


a high rating realtor I specialize in the location
of the best deal on luxury and waterfront real estate
in ft lauderdale, boca raton and south florida


Jim Esposito

Intercoastal Realty

the best ft lauderdale realtor

(954) 785-8558 Office
(954) 336-3776 Mobile


emailadd1

Great Deals    

Property Search    

Selling Your Home    

New Construction    

Foreclosures    

Downtown Ft. Laud    

Neighborhoods    

Condos    

Income Property    

Investor Central    

Rentals    

Real Estate Blogs    

Webcams    

Links    

Client Log In    

Contact    

 

 

LIST

YOUR HOME

with

The Best
Realtor
In Town

 

Click Here!

 

Accept No Substitutes!

 

 

See The Latest
Real Estate
Statistics

 

Click Here!

 

Fort Lauderdale
State of Florida

 

FREE!
FORECLOSURE
LISTINGS!

Updated Weekly!


Click Here!

 

South Florida
Property Values

 

ANALYSIS &
PROJECTIONS

 

snp case-shiller oct hpi a

 

Click Here!

 

A Comprehensive and
Intelligent Consideration
of What's Ahead
For The Local
Real Estate Market

 

12 Things
You've Got
To Know
Before Buying
Foreclosures


Click Here!


Read Our Exclusive
& Informative Guide

 

How To Buy
Foreclosures

 

PERUSE
MY BLOG

Keen Insights
& Analysis
from a
Professional Expert
in the
Local Market

 

Click Here!

 

 

Like My Site?

 

Click Here

 

Help Me

CRUSH

My Competition

 
 
 
 

1500 East Las Olas Boulevard
Fort Lauderdale, Florida 33301

Jim Esposito

fort lauderdale homes for sale

(954) 785-8558 Office
(954) 336-3776 Mobile


emailadd1

Home  ♦  Selling Your Home  ♦  Property Search  ♦  Great Deals  ♦  Foreclosures  ♦  Income Property  ♦  Investor Central  ♦  R.E. Blogs  ♦  Webcams  ♦  Links  ♦  Contact  ♦  Sitemap