National Home Prices Are Back In The Zone

December 5th, 2016 - by Judi Desiderio
Filed under: Real Estate

Case-Shiller_National_Home_Price_Index

It may have taken just over a decade but the average home price is back at peak levels not seen since July 2006, prior to the Great Recession.

Based on the September report from the S&P Case-Shiller US National Home Price Index has just logged in at 0.1% above the highest levels from 10 years ago. Year over year, prices rose a solid 5.5%.  Back in 2012 housing hit its bottom at 27% below top levels.

While on a national level there are concerns of headwinds from rising interest rates, a pull back in new construction, and homeownership quotas.  Regionally, we are anticipating 2017 to pick up pace.

Based on the trajectory of the stock markets, Hamptons high end homes should see greater demand than in recent years.




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