The US housing market is gradually healing

The US housing market is gradually healing

New single-family home sales surged to 5.7% in September

The US housing market is gradually recovering and becoming more active. The Commerce Department said that new single-family home sales surged to 5.7% in September, the highest level since April 2010, when sales increased thanks to an advantageous tax-credit for first-time buyers.

The real estate market recovery is one of the few bright spots in the US economy, where a dark cloud of uncertainty remains. The collapse of the housing market dragged the US economy through its worst recession since the Great Depression, but sales are currently rising, the stock of unsold properties is being pushed down and prices are increasing, which is encouraging builders to start new projects.

The demand is rising steadily thanks to an increased job security and record low mortgage rates. The US Federal Reserve considers the development of the housing market to be a key channel to encourage the economic growth of the country.

The inventory of new homes remained near record lows in September, even if some economists worry that an increasing building activity could destabilize the property market if there isn’t a significant rise in sales.

Read also:

·         What’s the dominant purchasing force in the U.S.?

·         Teaming up to buy a home

·         Tips to be a landlord in the US

·         Alternative investment options to be a homeowner despite the credit squeeze

·         Building despite the bubble

Real Estate Listings

Cod. 35025

For sale 2 Bedrooms, New York, New York County, New York City, Manhattan

For sale
2 Bedrooms

53 m²
Bright Apartment for Sale, placed on one of the most charming streets of NYC just one block from Broadway, on the island of Manhattan. Apartment co...
Cod. 25719

For sale Loft-Open Space, New York, Manhattan, Manhattan, 438-448 West 37 th Street

For sale
Loft-Open Space

180 m²
Manhattan (only 15min walking distance from Times Square, 5min walking distance to Hudson Yards) Lovely loft for sale in need of refurbishment – 1...
Cod. 25548

For sale 2 Bedrooms, New York, New York County, New York City, 120 Riverside Blvd.

For sale
2 Bedrooms

118.45 m²
Trump Place is considered by most, as one of the top full service condo buildings in Lincoln Square. Our 2-bedroom 2-full bath penthouse unit is situa...
Cod. 23441

For sale 2 Bedrooms, New York, Manhattan, Midtown Center, 100 west 58 street manhattan new york

Reserved negotiation
For sale
2 Bedrooms

102.19 m²
This remarkable custom renovated luxurious corner two bedrooms / two baths home is unlike any other, offering East and South Exposure. The entire spac...
1 / 4
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again