Home Prices Increase

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HOME PRICES CONTINUE TO INCREASE

Source: California Assocation of Realtors
S&P Dow Jones Indices released the latest results for the S&P/Case-Shiller Home Price Indices, which shows that home prices continued to rise nationwide over the last 12 months.

The S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a slightly higher year-over-year gain with a 5.3% annual increase in November 2015 versus a 5.1% increase in October 2015. The 10-City Composite increased 5.3% in the year to November compared to 5% previously. The 20-City Composite’s year-over-year gain was 5.8% versus 5.5% reported in October.

Before seasonal adjustment, the National Index posted a gain of 0.1% month-over-month in November. The 10-City Composite was unchanged and the 20-City Composite reported gains of 0.1% month-over-month in November. After seasonal adjustment, the National Index, along with the 10-City and 20-City Composites, all increased 0.9% month-over-month in November. Fourteen of the 20 cities reported increases in November before seasonal adjustment; after seasonal adjustment, all 20 cities increased for the month.

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Since 1970 Rinetti & Co. Realtors has been selling residential and commercial real estate throughout the greater East Bay. We are boutique real estate company with a single focus, exceptional customer service from start to finish. Rinetti & Co. Realtors has the experience and practical knowledge to adapt to changing market conditions while providing our clients expert advise when buying or selling a home. If you’re considering making a move please contact us and see the difference Rinetti & Co. Realtors can make for you.

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