Meanness ask: housing prices in the U.S. continue to fall

26.01.2011 13:54
This figure falls in almost all major cities. Average house prices in eight major U.S. real estate market is at its lowest since the beginning of the crisis around.

The index of housing prices in 20 major U.S. cities in November 2010 fell by 1,6% compared to October. The monthly decline was observed in all the cities surveyed, except for San Diego, reports MSNBC.

Related article: Rating of the most expensive rental villas abroad

According to the head of the department responsible for compiling the index, David Blitzer, "we are now at best a" shake "on the bottom."

Prices in Atlanta, Charlotte, Detroit, Las Vegas, Miami, Portland, Seattle and Tampa have reached the lowest level since 2006-07, when real estate markets in these cities were at the peak.

In general, over the past year the average price of residential property in the U.S. fell by 1,6% - it's worse than predicted polled by Reuters analysts.

Note that the Tampa and Miami are in Florida, which realtors selling real estate in the U.S., offer Russian customers the most. Local realtors are hoping that within the first few months of this year foreign buyers revive the housing market in Florida. Among them, according to experts, can enter and Russians.
Content tags: Overseas property
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