Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  December 20, 2012 10:51:22

U.S. - house prices rose this year for the first time since 2006 and by 6%

According to estimates by Zillow U.S. house prices will rise this year for the first time since 2006 and by 6%. The total value of U.S. real estate this year rises by 1.3 trillion to $ 23.7 trillion total. Price growth should continue in the coming year. The biggest fall was recorded in prices in 2008, when the U.S. housing market lost estimated at about 3.2 trillion dollars.
The current level of house prices remains even now still about 30% below its peak in 2006.

The American metropolis is the most reviewed this real estate market in Los Angeles with an increase in the value of about 122 mld.USD to total 1.8 trillion USD. Market in New York grew by 11.1 mld.USD the resulting 1.8 trillion. Last year, this lost 66.3 mld.USD tr.
The only one of 30 U.S. cities with a decline in value of the total real estate market this year with a loss of 1.6 Philadelphia mld.USD a total value of 513.4 mld.USD.
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