Home Prices Back to Spring 2004 Levels – Case-Shiller by Elaine360

Elaine Golden Gealer, Brentwood condos, Brentwood townhomes, Brentwood real estate, Brentwood new construction, Brentwood condominiums, Westwood condos, Westwood townhomes, Westwood real estate, Westwood new construction, Westwood condominiums, Westchester condos, Westchester townhomes, Westchester real estate, Westchester construction, Westchester condominiums, Toluca Lake condos, Toluca Lake townhomes, Toluca Lake real estate, Toluca Lake construction, Toluca Lake condominiums, North Hollywood condos, North Hollywood townhomes, North Hollywood real estate, North Hollywood new construction, North Hollywood condominiums, Sherman Oaks condos, Sherman Oaks townhomes, Sherman Oaks real estate, Sherman Oaks new construction, Sherman Oaks condominiums, Encino condos, Encino townhomes, Encino real estate, Encino new construction, Encino condominiums, Beverly Hills condos, Beverly Hills townhomes, Beverly Hills real estate, Beverly Hills new construction, Beverly Hills condominiums, West Los Angeles condos, West Los Angeles townhomes, West Los Angeles real estate, West Los Angeles new construction, West Los Angeles condominiums, West Hollywood condos, West Hollywood townhomes, West Hollywood real estate, West Hollywood new construction, West Hollywood condominiums, Santa Monica condos, Santa Monica townhomes, Santa Monica, real estate, Santa Monica new construction, Santa Monica condominiums, San Fernando Valley condos, San Fernando Valley townhomes, San Fernando Valley real estate, San Fernando Valley new construction, San Fernando Valley condominiums.S&P/Dow Jones Indices said this morning that its Case-Shiller 10-City and 20-City Composite Indices continued to rise in May, up 2.5 percent and 2.4 percent respectively from April levels.  Case-Shiller also at least partially confirmedyesterday’s data from Lender Processing Service (LPS) showing that four cities (as well as the states of Texas and Colorado) had established new peaks in housing prices in May.

Case-Shiller says that both Dallas and Denver “reached record levels surpassing their pre-financial crisis peaks set in June 2007 and August 2006.   This is the first time any city has made a new all-time high.”  Neither city had particularly strong annual increases in their Case-Shiller numbers; Dallas was up 7.6 percent and Denver 9.7 percent, but neither city suffered the type of price declines experienced in other southwest and western cities, thus giving them a bit of an edge in the recovery.  The other two cities which LPS reported had posted new price peaks were Austin and Houston, neither of which is among the 20 cities tracked by Case Shiller.

Both the 10-City and 20-City Composites posted the best year-over-year returns since March 2006.  The 10-City increased 11.8 percent from May 2012 and the 20-City was up 12.2 percent.

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Elaine
DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed

“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”

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