United States real estate market is moving from bear to bull

Latest data: new home sales increased 11% link

Beijing time 10 pm yesterday, United States Department of Commerce announced June new housing sales increased 11% the previous month, while the number of building permits has increased significantly, as the United States real estate market has begun to improve provided additional evidence.

Yesterday's data show that the United States June new housing sales rose by 11% last month, the rate for 38.4 million, significantly higher than the market expected to only grow 2.3 to 35 million, the data is a significant increase in the month of may, 11% for the third consecutive month to achieve growth.

In addition, the amendments to the United States in June after building permits a 5 month growth of 10% to a seasonally adjusted 570000 set. The correction of data or even higher than the previous release of preliminary data. June preliminary data for building permits 8.7%, seasonally adjusted 563000 set. Building permits is an advanced construction activities.

Housing intermediaries: a suite for one day there will be several groups of people come to see

Although from a year ago, prices still have 15% of the gap, the United States real estate market, at least at the bottom, near the road to recovery. This is a press interview was informed yesterday.

In April prices decreased not only when the United States and more than 20 major cities there are 13 breaks records. Since 2006, the United States House prices hit peak, suffered the most severe of the United States in Phoenix House prices have fallen by nearly half in one breath, and the pursuit of Las Vegas, Miami, San Francisco, San Diego, Los Angeles and other cities to house price declines of more than 40%. But now the situation has changed.

Yesterday in New York, Queens of the real estate broker EXIT, journalists see the current stock price is the Villa rises to more than 50 million and a half years ago in the same region, 25 million in a set of Bank Auction House released a month too.

Corporate brokers Vicky told reporters: "half a year ago, the company because none of the guests and all company vacation for a week. But now I am in the morning to get up for work. A house one day there are several groups of people come to see, things are really getting better. Mainly because of the price fall before too much, investors or the public feel that the time is purchased. In the New York area, I think that house prices have stabilized and rising sign appears, this trend is clear. But commercial real estate demand lags employment, underemployment is itself a lagging economic indicator, the commercial real estate market than the residential market to the downturn. ”

Standard and poor 's: some urban real estate prices have started to rise

Largest rating agency Standard & Poor's Global Chief Economist David.Wyss told reporters that the United States real estate market looks are stable, although he expected by the end of the housing prices will continue to fall, because the winter to temporary residents of the United States changed our House will be reduced, but the pace of economic recovery is also not so fast.

But in some cities, particularly those early prices sooner and in the real estate bubble in prices and in areas not buzhang real estate prices have started to rise, and this trend will not be affected by seasonal factors. At present, secondary housing prices have rebounded to 18.18 million, compared to $ 17.47 when in May.

DavidWyss said: "the United States economy is near the bottom right now at least, the entire market is at the beginning of the bear to Bull. According to the United States National Association of Realtors, June into housing sales chain up 3.6% to $ 48.9 million cover from a year ago levels only 1 million sets. While the United States federal housing finance agency's figures show that the housing price index in may increased by around than 0.9%. These data show that the housing sales and housing starts construction market is starting to stabilize. While the United States federal housing finance agency (FHFA) house price data for the past six months has stabilized. United States National Association of real estate dealers (NAR) in June as housing sales data was reached last year, the highest point since the month of October. ”

"The market is bearish transition cow, this trend is positive. "DavidWyss finally concluded.

Three major factors promoting us House prices rise

Data show that the United States federal housing finance agency (FHFA) house price index, after quarter considerations adjusted, rose by 0.9% in May to 199.8, the data for the month of November last year basically stable since.

United States leads the rise of house prices chain factors mainly the following areas: first-time buyers join, mortgage rates increase, the Government reduce mortgage loan threshold.

A detailed analysis, the first suite of buyer's is a key factor in the market recovery, the part of consumers to purchase proportion accounted for 29%. In the United States, some States even allows residents own tax credit for mortgage loans, which encourage the recovery of the real estate market.

Sales prices may also be affected by the rise in mortgage rates, which are often driven by the mortgage loan interest rates rise, the purchaser will be worried about interest rates further to improve and advance the House. It is reported that the average mortgage interest rate in June rose to 5.42% in April, this figure only 4.86%.

In addition, the National Association of home builders, Fargo builders confidence index June reached since last September, the highest point. One reason is that many potential buyers are using the housing crisis cheap purchase redemption, leading to a housing sales increase. Many banks provide data show that more than 150 million House a mortgage loan in default or has received notice of the auction of the property. These are applications for purchase in the first half of 2009 reached a new high.