Real estate prices across the United States rose for the first time in eight months, and the Phoenix market followed suit

Real estate prices across the United States rose for the first time in eight months, and the Phoenix market followed suit. According to reports from Washington, major cities in the United States saw general price increases for the first time in eight months...

Real estate prices across the United States rose for the first time in eight months, and the Phoenix market followed suit. 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 Standard & Poor’s/Case-Shiller Real Estate Price Index, real estate prices increased in 13 of 20 cities in the United States. The largest increase was in the Washington area, followed by San Francisco, Atlanta, and Seattle. The only remaining cities that are declining are cities such as Chicago, Las Vegas, and Miami. Phoenix has maintained a steady rise since reaching its lowest value in November last year. These survey data include 50% of residents in these large cities. Prices rose an average of 0.7% this time. The chairman of Standard & Poor’s/Case-Shiller said the increase in average prices is a very gratifying thing. This 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 will undoubtedly greatly hurt normal market prices. The government has introduced many rescue measures, and the number of bankrupt houses has 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 year for 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. For more real estate questions, please contact: goldtrustrealty2010@gmail.com Tinna Xie