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Case-Shiller: Price Gains Continue Slowdown

Dec 27, 2018 by

For the third consecutive month, home price increases across the U.S. have slowed, according to the latest S&P CoreLogic/Case-Shiller Indices. In fact, October numbers for the National Home Price NSA Index have remained at 5.5 percent annual gain for October, the same from the previous month. While home prices have risen, there’s a long-term trend toward slower growth.

“Home prices in most parts of the U.S. rose in October from September and from a year earlier,” said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. “The combination of higher mortgage rates and higher home prices rising faster than incomes and wages means fewer people can afford to buy a house. Fixed rate 30-year mortgages are currently 4.75 percent, up from 4 percent one year earlier. Home prices are up 54 percent, or 40 percent excluding inflation, since they bottomed in 2012. Reduced affordability is slowing sales of both new and existing single-family homes. Sales peaked in November 2017 and have drifted down since then.”

“The largest gains were seen in Las Vegas where home prices rose 12.8 percent in the last 12 months, compared to an average of 5.3 percent across the other 19 cities. This is a marked change from the housing collapse in 2006-12 when Las Vegas was the hardest hit city with prices down 62 percent. After the last recession, Las Vegas diversified its economy by adding a medical school, becoming a regional center for health care, and attracting high technology employers. Employment is increasing 3 percent annually, twice as fast as the national rate.”

The Case-Shiller 10-City Composite, an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, D.C.), increased 4.7 percent year-over-year, a slight drop from the prior month’s 4.9 percent increase. And the 20-City Composite—an average of the 10 metros in the 10-City Composite, in addition to Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland, Seattle and Tampa—increased 5 percent year-over-year, a decrease from 5.2 percent in September.

Here’s the complete data for the 20 markets measured by S&P:

Atlanta, Ga.
Month-Over-Month (MoM): 0.2%
Year-Over-Year (YoY): 6%

Boston, Mass.
MoM: 0.1%
YoY: 5.4%

Charlotte, N.C.
MoM: 0.3%
YoY: 5.0%

Chicago, Ill.
MoM: -0.3%
YoY: 3.3%

Cleveland, Ohio
MoM: -0.5%
YoY: 4.8%

Dallas, Texas
MoM: 0.0%
YoY: 3.9%

Denver, Colo.
MoM: -0.3%
YoY: 6.9%

Detroit, Mich.
MoM: 0.0%
YoY: 6%

Las Vegas, Nev.
MoM: 0.3%
YoY: 12.8%

Los Angeles, Calif.
MoM: 0.1%
YoY: 5.5%

Miami, Fla.
MoM: 0.1%
YoY: 4.8%

Minneapolis, Minn.
MoM: -0.1%
YoY: 5.9%

New York, N.Y.
MoM: 0.4%
YoY: 3.1%

Phoenix, Ariz.
MoM: 0.7%
YoY: 7.7%

Portland, Ore.
MoM: -0.6%
YoY: 4.9%

San Diego, Calif.
MoM: -0.1%
YoY: 3.8%

San Francisco, Calif.
MoM: -0.7%
YoY: 7.9%

Seattle, Wash.
MoM: -1.1%
YoY: 7.3%

Tampa, Fla.
MoM: 0.3%
YoY: 6.4%

Washington, D.C.
MoM: 0.0%
YoY: 2.9%

Liz Dominguez is RISMedia’s associate content editor. Email her your real estate news ideas at ldominguez@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Case-Shiller: Price Gains Continue Slowdown appeared first on RISMedia.

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Warren Buffett Reduces Sales Price on His Home

Sep 4, 2018 by

Warren Buffett Reduces Sales Price on His Home CLICK HERE to start an NFL Eliminator Pool

The post Warren Buffett Reduces Sales Price on His Home appeared first on National Real Estate Post.

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Staged to Sell: This Staged Home Sold for 107% Above Asking Price

Jun 16, 2018 by

Home stagers: Amy Burke & Katie Miedler, real estate pros and owners of Ambiance Decorators LLC

The home: A single-family home located in Upper Montclair in Essex County, N.J. The home was staged by Amy Burke and Katie Miedler, and sold for 107 percent of the asking price at $ 1,073,575. Burke and Miedler sought to stage the home with a “fresh, updated, classic, and timeless” look.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

 

Stagers’ tips:

  • Curtains: Sheer curtains are great for softening windows and letting the light in. They do not compete with the design and are not too “style specific” so they are often processed as calming.
  • Plants: Plants are so important in design for color and texture. They also add interest by bringing the outdoors in.
  • Colors:Soft colors present a calming affect allowing buyers to view the room as relaxing and peaceful.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

Stagers’ tips:

  • Furniture: It’s often best to leave out the chairs at the head of the dining table…this prevents the back of the chair from stopping your eye in a photograph.
  • Accessories: A beautiful runner, arrangement of flowers and a few candles create a classic centerpiece.
  • Art: Art is the last item added to the design. We often add neutral art to complete the look of the room but not distract buyers from focus on the space.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

Stagers’ tips:

  • Accessories: Just a few accessories on the bookshelf will highlight the space without feeling overwhelming or cluttered.
  • Lighting: It’s always best to compliment the furniture arrangement with lighting. If there’s not enough space for end tables, floor lamps are a great option.
  • Furniture: A padded bench is a great option for a coffee table to add a little something different.

 

Have a home you recently staged that you’d like to show off here at Styled Staged & Sold? Submit your staging photos for consideration, along with three to five of your best spruce-up tips. Contact Melissa Dittmann Tracey at mtracey@realtors.org.


Styled, Staged & Sold

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Staged to Sell: This Staged Home Sold for 107% Above Asking Price

Jun 15, 2018 by

Home stagers: Amy Burke & Katie Miedler, real estate pros and owners of Ambiance Decorators LLC

The home: A single-family home located in Upper Montclair in Essex County, N.J. The home was staged by Amy Burke and Katie Miedler, and sold for 107 percent of the asking price at $ 1,073,575. Burke and Miedler sought to stage the home with a “fresh, updated, classic, and timeless” look.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

 

Stagers’ tips:

  • Curtains: Sheer curtains are great for softening windows and letting the light in. They do not compete with the design and are not too “style specific” so they are often processed as calming.
  • Plants: Plants are so important in design for color and texture. They also add interest by bringing the outdoors in.
  • Colors:Soft colors present a calming affect allowing buyers to view the room as relaxing and peaceful.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

Stagers’ tips:

  • Furniture: It’s often best to leave out the chairs at the head of the dining table…this prevents the back of the chair from stopping your eye in a photograph.
  • Accessories: A beautiful runner, arrangement of flowers and a few candles create a classic centerpiece.
  • Art: Art is the last item added to the design. We often add neutral art to complete the look of the room but not distract buyers from focus on the space.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

Stagers’ tips:

  • Accessories: Just a few accessories on the bookshelf will highlight the space without feeling overwhelming or cluttered.
  • Lighting: It’s always best to compliment the furniture arrangement with lighting. If there’s not enough space for end tables, floor lamps are a great option.
  • Furniture: A padded bench is a great option for a coffee table to add a little something different.

 

Have a home you recently staged that you’d like to show off here at Styled Staged & Sold? Submit your staging photos for consideration, along with three to five of your best spruce-up tips. Contact Melissa Dittmann Tracey at mtracey@realtors.org.


Styled, Staged & Sold

read more

Related Posts

Share This

Staged to Sell: This Staged Home Sold for 107% Above Asking Price

Jun 14, 2018 by

Home stagers: Amy Burke & Katie Miedler, real estate pros and owners of Ambiance Decorators LLC

The home: A single-family home located in Upper Montclair in Essex County, N.J. The home was staged by Amy Burke and Katie Miedler, and sold for 107 percent of the asking price at $ 1,073,575. Burke and Miedler sought to stage the home with a “fresh, updated, classic, and timeless” look.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

 

Stagers’ tips:

  • Curtains: Sheer curtains are great for softening windows and letting the light in. They do not compete with the design and are not too “style specific” so they are often processed as calming.
  • Plants: Plants are so important in design for color and texture. They also add interest by bringing the outdoors in.
  • Colors:Soft colors present a calming affect allowing buyers to view the room as relaxing and peaceful.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

Stagers’ tips:

  • Furniture: It’s often best to leave out the chairs at the head of the dining table…this prevents the back of the chair from stopping your eye in a photograph.
  • Accessories: A beautiful runner, arrangement of flowers and a few candles create a classic centerpiece.
  • Art: Art is the last item added to the design. We often add neutral art to complete the look of the room but not distract buyers from focus on the space.

BEFORE

AFTER

Photo credit: Amy Burke & Katie Miedler, Ambiance Decorators LLC

Stagers’ tips:

  • Accessories: Just a few accessories on the bookshelf will highlight the space without feeling overwhelming or cluttered.
  • Lighting: It’s always best to compliment the furniture arrangement with lighting. If there’s not enough space for end tables, floor lamps are a great option.
  • Furniture: A padded bench is a great option for a coffee table to add a little something different.

 

Have a home you recently staged that you’d like to show off here at Styled Staged & Sold? Submit your staging photos for consideration, along with three to five of your best spruce-up tips. Contact Melissa Dittmann Tracey at mtracey@realtors.org.


Styled, Staged & Sold

read more

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Share This

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