US home sales peaked after the 2008 crisis of the year

Sales of new homes account for about 9,6% of the US residential real estate market. Photo: depositphotos

At the US Department of Commerce сообщилиthat sales of new private homes in the United States have reached their highest level in the last 8 years. At the end of June, sales increased by 3,5% to an annual rate of 592 thousand households, adjusted for seasonality - instead of the 560 thousand predicted by analysts.

Sales of new homes account for about 9,6% of the residential real estate market, which continues to recover from the crisis that began about 10 years ago. Continue to grow and property prices.

Among the reasons that contributed to the restoration of the residential real estate market, experts call low mortgage rates and the growth in the number of jobs in the United States.

At the same time, as noted, due to increased demand, it is now more difficult for buyers to find the “home of their dreams.”

“We're seeing supply shortages in places that were previously unimaginable, such as Nashville, Tennessee, Raleigh, North Carolina, and even Kansas City, Missouri,” said Lawrence Yun, chief economist at the National Association of Realtors.

According to Case-Schiller Indices, which tracks house prices in the US, in May there was an increase in prices of 5,2% compared with May of 2015.

According to the results of this year, according to the National Association of Realtors, prices will increase by 4,4%, and in 2017 - by 3,4%.

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