Monday, March 31, 2014

The price of homes in the U.S.. returns to its biggest rise in seven years

The price of single family homes in the United States again recorded in May for the most up -on-year in seven years , according to the consulting firm Standard & Poor's ( S & P) , who said that these data indicate that the housing market " continues to strengthen ."

The Case- Shiller , which prepares the firm to study the evolution of housing prices , index rose 12.2% in May compared with the same month last year in the twenty largest cities. The advance was 11.8% in the ten largest cities.

In both cases these increases are the largest recorded since March 2006, before the bursting of the housing bubble in this country, although experts had calculated a slightly steeper climb .

Moreover, when compared to the levels that were in April, prices of single-family homes in the twenty largest cities have advanced 2.4% and 2.5% in the top ten .

Two of the twenty cities surveyed by S & P , Dallas and Denver, in May reached levels not seen since they began developing this index, also before the peaks reached before the start of the housing crisis.


In annual terms , San Francisco registered the highest advance with 24.5 %, followed by Las Vegas ( 23.3%) , Phoenix ( 20.6%) and Atlanta ( 20.1%).

" The housing prices continue to strengthen ," he said in announcing this information the chairman Indices S & P's David Blitzer, who highlighted the changing trends shown in this report , as the case of the cities of Miami and Tampa , which "It is falling behind compared to western cities ."

In any case, since hitting their peak in June and July of 2006, housing prices in both the twentieth and the ten largest cities in the United States accumulated a fall of 25 % and 24 % , respectively.

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