Overseas real estate explosion: How much have house prices soared in America?

by time news

The interesting figure relates to the low supply, when as of the end of last month, the data shows that the stock of homes available for sale fell to an unprecedented low of 860,000 – and as a result this is a decrease of 16.5% compared to the previous year. To illustrate the size of the slump, it was noted that this is the lowest number of homes available since documentation began in 1999. At the current monthly sales rate, inventory should be enough for only 1.6 months – another slump in the chain, but that’s not all.

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