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Housing Prices May Have Peaked According to One of the 2013 Nobel Prize of Economic Science Winners

Did you know that the Case- Shriller index was created by 3 economists, Karl Case, 2013 Nobel Prize of Economic Science winner Robert Shriller, and Allan Weiss, as a method of correlating home-pricing trends? These pricing trends can be used to predict future events such as the 2007-2008 global real estate market crash. The CSXR is Case- Shriller’s city composite index, focusing on the 10 major metropolitan cities in the US, which is published monthly (Miami‘s index code is MIXR). For each city, changes in house prices for the area are tracked. Most recently, the Index has stated that the US home prices have continued to increase, but the rate at which it has done so has begun to decline. It states that the housing price growth rate may have peaked.

For more information about the Coconut Grove housing market, please call Alba Biondi at 305-323-2595 or Isabelle Andrews at 305-546-5421 or visit our website.

 
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