Housing prices in the U.S. are close to a new record

In November 2015, the value of residential property rose by 5.5% compared with the same period of 2014 and amounted to $253 000. Thus, housing prices USA close to the record high levels of June 2006, from which they are separated by only 5.3 per cent ($268 000). This tells the organization's portal Overseas Property Professional referring to the Black Knight House Price Index (HPI).

Today's average price of residential real estate is 27% higher than in the "crisis" January 2012.

For the fifth month in a row new York is a leader in price growth in the country: in November 2015, they increased by 1,2% compared with October and amounted to $357 000. Rates in Tennessee and Texas in November also reached a peak. As for urban agglomerations, the highest rates were recorded in Austin, Dallas, Houston and San Antonio (TX), and Denver (Colorado), Nashville (Tennessee) and Portland (or).

The largest price decrease in November compared to October last year was recorded in Ohio and Connecticut (both -0.4 per cent). In California the cost of housing declined for the second month in a row, however, seasonal adaptation, the state data continues to show rising prices.

HomesOverseas.ru