Categories: US

US house prices jump at the fastest speed in more than 15 years

WASHINGTON: US home prices surged in April at the fastest speed since 2005 as potential buyers bid prices on available property supplies.
S & P Corelogic Case-Shiller The 20-city house price index, released on Tuesday, jumped nearly 15% in April from the previous year.
It rose from a 13.4% annual increase in March.
Many Americans have been looking for more living space since the pandemic kicked, looking for a larger house on the outskirts of the city than a small apartment or house in cities.
The increasing demand has caused historic run-up at home prices, which has also been triggered by a low mortgage rate.
Price profits have been very dramatic so home sales have begun to slow down because more buyers are given prices outside the market.
All 20 cities that formed the index reported a higher price increase from year to year in April than the previous month.
Five Charlotte cities, Cleveland, Dallas, Denver, and Seattle have the biggest 12-month price increase on records from 30 years.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

SonÄ«pat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago