Started a record increase in property prices
Photo: depositphotos.com
In January, prices for American housing rose sharply due to the limited supply of homes for sale.
The price index in 20 US cities increased by 5,7% in January - the maximum jump since July 2014, according to Standard & Poor at CoreLogic Case-Shillerpublished on Tuesday.
Americans stepped up with the purchase of housing in January, when the expected increase in mortgage rates. Many buyers probably sought to close deals before increasing rates.
The biggest increase in property prices noted in Seattle, Portland and Denver.
Mark Fleming, Chief Economist First American, said that still low mortgage rates and stable renting, most likely, will support further demand for housing.
David Blitzer, Chairman of the Index Committee S & P Dow Jones, said that the latest growth of the Fed will not greatly raise mortgage rates and should not affect sales. Average 30-year mortgage rates tend to track returns on 10-year Treasury bonds.
Sustained price increases may eventually make housing less affordable, Blitzer said.
In February of this year, 1,75 had a million homes put up for sale, which is 6,4% lower than a year ago, and is considered the lowest since 1999, when they started tracking data in the National Association of Realtors.
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