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Real Estate ArticlesUS Housing Market Still Showing Sluggish 2011
The real estate market has seen major changes before recession, during recession and after a year of recession. While talking about the recent trend in the market, it is really difficult to predict because apart from two major metropolitan areas Washington D.C. and San Diego, other cities have faced a slow and dismal start at the beginning of the year 2011 in regard to growth rate.
The price of the apartments and flats are dipping down to prices last seen during the summer of 2003. The prices of flats have just grown to a mere 0.1% in the city of San Diego but in case of Washington D.C. the rate of 3.6% is quite promising for the real estate market. Around 11 cities that experienced low home level prices in December last year reported further sink in rates and in growth in the month of January. The overall data cited here shows a bit of red alert in the US real estate market because it seems that the market problems still persist here due to the sluggish home sales and diminishing prices for home. The data is also showing that there may be nothing to be too optimistic about in the coming months. There are around 20 cities in USA that experienced double dip in the rates because of slow purchase by the customers. As mentioned already San Diego and Washington D.C. are the only 2 cities that reported positive growth rate in the year 2010. The government has already made some controversial moves in the past in order to rectify this situation. This included costly rescue packages that only seemed to be similar to flushing cash down the drain. Clearly, the stimulus packages never contributed to the growth of home sales. So what else do you expect in the coming months? You can talk about... US Housing Market Still Showing Sluggish 2011 Tags: • stimulus • apartments • san diego • home sales • recession • washington dc • housing prices • housing market • real estate market • real estate development • Related articles:
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