The latest trends in U.S. home prices
Stars and Stripes Real Estate Hans will help you answer in detail. He just returned from a one-month inspection in the United States.
1. Top 5 states: The top five states are Florida, Miami and Orlando. The median sales price in Miami is US$307,100, an increase of 25.8% compared to 2013. It is expected to increase by 10.1% in 2014. The median sales price in Orlando is US$151,400.
The U.S. dollar, up 22% from 2013, is expected to rise 10.9% in 2014. Miami is healthier than Orlando.
Next is Nevada.
Las Vegas: The median sales price is $170,000, up 27% from 2013, and is expected to rise 7.3% in 2014.
Georgia again.
Atlanta's median sales price is $144,200, up 16% from 2013, and is expected to rise 6.4% in 2014.
Fourth is California.
Los Angeles.
The average real estate price is US$501,300, an increase of 17.3% compared to the same period in 2013. In August 2013, it increased 23% compared with the same period in 2012. It is expected that housing prices will increase by 6.8% in 2014. This shows that the popularity of Los Angeles is cooling down, but it is still rising.
The median sales price in San Francisco is US$845,900, an increase of 13.6% compared to 2013. San Francisco’s Silicon Valley is currently the most popular in the United States. It is normal to add US$200,000 to a house of US$800,000!
Fifth is New York.
Greenland, Fosun Group, and Zhang Xin have all gone to New York to speculate in real estate.
The median sales price in New York is US$565,900, an increase of 9.3% compared to 2013, and house prices are expected to increase by 4.9% in 2014.
2. The latest trend of U.S. housing prices: Let’s look at the trend chart first: From 2014 to 2016, the U.S. housing market rose in a straight line. According to this trend, the rise will end in about 2020, so it is very early to buy the bottom now, not too late.
At the end of 2012, housing prices were basically at the bottom.
The implicit meaning of this picture is that by 2020, the U.S. real estate market may overheat again and collapse again around 2025, and our opportunity has come again.
In other words, the U.S. real estate market is an unsustainable bull market, which is 6 years of growth from 2014 to 2020, and the sooner we enter, the better.
After interviewing industry experts and analyzing a large amount of data, Barron's believes that U.S. housing prices will still rise in the next three years, but at a much slower pace and will not see the double-digit growth seen in 2013.
One thing must be admitted. Forecasting the U.S. real estate market is a thankless job, and experts' judgments on the trend of U.S. housing prices in the next three years vary widely.
Ingo Winzer of Local Market Monitor, which tracks more than 300 urban markets across the United States, predicts that U.S. home prices will rise 7% in the next three years, while experts from real estate data analysis company Core Logic predict a 4.7% rise in 2014.
In 2015 it was 4%, while in 2016 it was 1.9%.
?Based on the principle of robustness, we take the middle value. In the first two years, U.S. house prices rose by 5%, but only rose by 3% in 2016, because newly started construction of houses can effectively expand supply, and more empty-nest baby boomers will sell their houses.
This way they can release locked up equity in their home.
These forecasts somewhat echo Moody's Analytics. Mark Zandi, the company's chief economist, said: "The U.S. real estate market is on an upward path, and there is still a lot of room." There are many factors that support our forecast for the United States.
An optimistic estimate of housing prices, but because the inertia of home buyers' expectations will cause market failure, it is expected that housing prices in the United States will continue to rise for 5 to 10 years based on past housing price growth trends, which is the same as the current market situation.
3. Housing price trends in major cities in the United States in 2014: a. Los Angeles.
The average real estate price is US$501,300, an increase of 17.3% compared to the same period in 2013. In August 2013, it increased 23% compared with the same period in 2012. It is expected that housing prices will increase by 6.8% in 2014. This shows that the popularity of Los Angeles is cooling down, but it is still rising.
Arcadia: Median sales price $867,700.
Compared with 2013 (the same period, the same below), it increased by 26%!
It is expected that house prices will rise by 8.6% in 2014, so if you buy a house in Arcadia for 2 million, it will be more than twice the normal house price!
Median sales price is a major indicator of how much your house is worth.
At least you have an idea of ??how much you should counteroffer.
Arcadia is very popular. As long as the house is good, there is basically no need to worry about selling it.
Some buyers feel that there are many Chinese people there and do not want to buy there.
However, this does not affect Arcadia home sales.
Buying a house in Arcadia is like buying into a safe.
American houses pay attention to location, and this is location.