U.S. housing fell to $ 9 trillion over four years

09.12.2010 16:40
U.S. housing fell to $ 9 trillion over four years By the end of 2010 residential real estate in the U.S. will cost $ 1.7 trillion less than the previous year. Thus, with respect to the peak performance of 2006, the total cost of houses and apartments in the country will be lower by as much as $ 9 trillion.

Cheapening the cost of housing in the U.S. this year than last year's downturn in this indicator in the amount of $ 1 trillion by 63%. During the first half of 2010 houses and apartments in the U.S. fell by $ 700 billion in the second - at $ 1 trillion, reports CNN.

According to forecasts the chief economist of the portal Zillow.com, the preparation of this statistic, Dr. Stan Humphreys, in the first half of 2011, the situation is unlikely to improve due to a record high number of foreclosures facilities for the debts on the mortgage.

Of the 129 real estate markets in the U.S. who examined Zillow, the total cost of housing has risen only by 24%. Among cities, real estate, which lost in the price of most everything - New York ($ 103.7 billion) and Los Angeles ($ 38.6 billion).

Note that, according to its own research portal Prian.ru, in October, the U.S. ranks sixth in the list of countries, real estate in which the Russians are interested in most.
www.zagorodna.com

Content tags: Overseas property
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