The real estate market USA: stabilization or reboot?

the housing Market the U.S. is in "stabilization" little more than a year. Over the period 1998 to 2006 the market grew by a speculative bubble. And when it burst, the economy entered into a recession, and millions of homeowners lost their properties in mortgage debt.

According to a recent analysis of more than 380 residential mikrorynki of the country in recent months, the prices of houses and apartments in the United States began to remind that, “what you call that even remotely”, says the chief economist at Fiserv, Inc. David Stiff. “during the 15 years of changes in housing prices and sales volumes was caused by a bubble mentality or psychology crisis», - results like the analogy of the expert. Apparently, the worst is over. For the period from the third quarter of 2018 for the third quarter of 2018 rising prices for residential property in the United States will be 0.6%, predicts Stiff. Over the next 12-month period, this figure will increase by 3.7%. The rise in prices over the period from 2015 to 2019 will average 3.3% per year.

For comparison, over the period from 2013 to 2018 the rate of increase in housing prices in the US averaged 5% per year. Currently, the number of bookmarks of new facilities is at an historic low because the banks have accumulated a lot of unsold homes seized from owners for the debts on the mortgage. It also puts pressure on prices.

In fact, now housing in the US is cheaper than during the bubble in the market. According to Stiff, double-digit cost appreciation, which was a symptom of recent market collapse, and now will start soon.

Latest data from the housing market the United States reaffirm the optimism of Stiff. In March, sales of single-family homes in the primary market increased by 1.5% compared to February. Relative to October 2018, this figure rose by 18.5%. The median sale price for single family homes in the primary market in the U.S. in March totaled 247 thousand dollars – 3% more than in March 2017.

Also in March, the volume of home sales in the secondary market in the United States decreased by 0.6% compared to February. In annual terms, however, this figure was higher by 10.3%.

the Median price of residential property in the secondary market in March was $ 184 $ 300. This is 11.8% higher than in March 2017.

According to Zillow, prices for residential property in the US, rising more than 16 consecutive months. In February, the measure rose by 0.1% compared to January and were 5.8% higher than in February 2017. Specialists predict that for the period from February 2013 to February 2014 the average value of residential property in the United States will increase by 3.2%, to a mark of 163 $ 100.

According to the survey conducted by the same company among the 118 economists, real estate experts and professionals in the field of investment and market strategies, the average cost of residential property in the United States for 2013 will increase by 4.6%. Over the next five years, the total growth of this indicator will be 22%.

in addition, more money in US real estate investing by institutional investors. According to Director of consulting company Torcana, an expert in the field of investment, Colin Murphy, over the next few years this trend will continue.