• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Wow Nelly ! Case-shiller Housing Price Rise

Status
Not open for further replies.

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
WSJ 2/27/18---"The S&P CoreLogic Case-Shiller National Home Price Index, which covers the entire nation, rose 6.3% in December, up from a 6.1% year-over-year increase reported in November.

"The 10-city index gained 6% over the year, unchanged from November. The 20-city index gained 6.3%, down slightly from 6.4% the previous month. That was in line with the expectations of economists surveyed by The Wall Street Journal, who expected the 20-city index to rise 6.3% in December.Markets that are seeing the steepest increases remain concentrated on the west coast. Seattle reported the largest annual gain, at 12.7%, followed by Las Vegas at 11.1%. San Francisco, which had seen price increases slow until recently, reported the third-strongest gain, at 9.2%.
 

A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
That's what happens when you have very low inventory. Probably going to see year over year price increases accelerate as we get into the spring market.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
I predict some retreat in prices eventually, but likely on local level rather than nationwide. The kind of market we had in late 90's. It will take a major trigger to impact prices over the whole country, like 2008, globalization will impact much of developed world.
 

VolcanoLvr

Senior Member
Joined
Oct 30, 2003
Professional Status
Certified Residential Appraiser
State
Washington
The CL/CS survey DOES NOT "cover the entire nation" as the WSJ article says.

The maximum number of cities it surveys is 20 - the 20 highest density urban areas in the US. These are static cities which never change.

There is a hell of a lot of fly-over country that this metric does not measure. Therefore, you as an appraiser, should place no weight on this survey unless you are located in one of the 20 cities.

Don't be fooled or cajoled into thinking that what applies to major urban areas also applies to your specific assignment in outlying areas.
 

A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
It doesn't even necessarily apply to a specific assignment in the major urban areas.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks