Real estate prices across the United States rose for the first time in eight months

Real estate prices across the United States rose for the first time in eight months According to reports from Washington, major cities in the United States saw a general upward trend in prices for the first time in eight months. According to...

National real estate prices rose for the first time in eight months. According to reports from Washington, major cities in the United States saw a general upward trend in prices for the first time in eight months. According to the S&P/Case-Shiller House Price Real Estate Price Index, real estate prices increased in 13 of 20 cities in the United States, with the largest increase occurring in the Washington area, followed by San Francisco, Atlanta, and Seattle. The only remaining cities that have declined are Chicago, Las Vegas, Miami and other cities. Phoenix has remained stable since reaching the lowest value in November last year. These survey data include 50% of residents in these large cities. This time prices rose 0.7%, and the chairman of S&P/Case-Shiller Home Price Company said that the increase in average prices is a very welcome thing, which may also be because spring and summer are traditional home-buying seasons. The decline in bankruptcies is also a significant factor. Bankrupt houses have a 20% price advantage over normal house sales, so a large number of bankrupt houses have undoubtedly greatly hurt normal market prices. The government has introduced many rescue measures, and bankrupt houses have been greatly reduced. The housing market has been most hurt by the new home sales market. Sales of new homes have dropped by 18% in the past two years. Last year was the lowest new home sales in the past 50 years. The rise in real estate prices across the United States has allowed industry insiders to see a ray of sunshine in the recovery of the real estate market.