At the same time, despite the forecasts of experts, who promised the excess supply, the rate of housing construction slowed. Wealthy investors have bought depreciating during housing crisis, leaving the deficit in the market - in the highly competitive prices went up.
Related article: How not to «get» when buying real estate abroad?Atlanta saw the largest rise in prices in the last month - 2.6%, while the cost of housing there remained 9.9% lower than a year earlier. The most significant price increases over the past year was recorded in Phoenix, where real estate has risen by 16.6%.
According to the latest data, the index of consumer confidence rose in September: the buyers are optimistic about the property market and development trends in the short term.