The US housing market was boosted at the end of the year 2015 that marked the best year for existing and fresh home sales since 2007. Nearly 501,000 fresh homes were sold the previous year, an increase of 14.5% from 2014.
housing prices
Breaking News
Economists express concerns over the repetition of property bubble in the US market as it's overvalued. Analysts estimate that the real estate is overvalued in the range of 25 percent to 60 percent considering the average price and average income in a particular area. However, the US property market is attracting more foreign investment and it's forecast to be higher than in 2015.
As the London housing prices increases to a capital average of more than GBP500000, more households are rising to become renters.
Subscribe to VCpost newsletter
Most Popular
- China Hits 2 U.S. Defense Companies With Sanctions For Selling Military Weapons to Taiwan
- American Airlines Pilots Union Issues Urgent Safety Alert Over Maintenance Issues
- Social Security Benefits: 2025 COLA Predicted to Increase Amid Rising Inflation
- Convicted Fraudster Accused of Killing Wealthy Heiress Wife in Swimming Pool to Cash in on Over $4 Million Fortune
- Trump Media’s First Auditor Quits After Just a Few Months on the Job: Report
- Melatonin Manufacturers Urged to Adopt New Packaging and Labeling Rules Following Uptick in Hospitalizations Among Children
- SSDI Payment April 2024: Who Will Receive Social Security Benefits Today?
- Miss AI Crown: Stunning 'Fake,' AI-Generated Women to Compete in the World's First AI Beauty Pageant