Original title: buy a house by robbery! House prices in the United States have soared! Why? Will the crisis of 2008 repeat itself?

Source: CCTV Finance and Economics

Leroy and Christina are from Boston, USA.A young couple have been looking around for three months in order to buy a house.They came to line up early on Saturday morning, but still only at the end of the line.

今Over the past 20 years, buying a house in the United States has become a real "house grab".Rising house prices are constantly stimulating the nerves of home buyers.

Colorado is currently one of the hottest real estate markets in the United States, where it seems that all types of houses can be sold at a good price.ForsterShe is a local real estate agent. Recently, she was trying to sell a house for a client. When she went to check and accept it, she was petrified by the scene in front of her.

The facade of the house was dilapidated, the house was full of sundries, and the walls were covered with graffiti.What Foster couldn't accept the most was the smell from the refrigerator.

Nevertheless, on the day the house was listed for sale, it received a number of offers from buyers.The latest offer for the house has reached $625000, or about 4.05 million yuan, an increase of $35000 from the online price, and buyers are still raising prices.

A home in San Francisco was listed for $4.5 million, but just six days later, it sold for $5.5 million more than the asking price of $1 million, an increase of more than 22%.

The median sales price of existing homes in the United States hit an all-time high of $377000 in May, up 26% from a year earlier, according to the latest data from the National Association of Realtors. The rate of increase is the biggest since records began in 1999, and it is also the biggest increase since records began in 1999.It has risen for 111 consecutive months since March 2012.Among the 183 metropolises monitored in the United States99% of the regional house prices rose in the first quarter of this year.Among them, house prices in 89% of the areas showed double-digit increases.

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Housing inventory in the United States is at its lowest level in 20 years

After the 2008 financial crisis, US real estate prices began to rise in 2012 and have risen more than in the past eight years since last year. What is the reason for this surge in US house prices?

In California, although the epidemic is temporarily under controlBut there is a lack of available workers, especially construction workers.

In the United States, the shortage of construction workers exists for a long time, and many people are unwilling to engage in the hard construction industry. The epidemic has further worsened the shortage of workers.

The shortage of workers eventually spread to the supply of new housing.Recently, the U.S. Department of Commerce reported that:The number of housing completed across the country has declined continuously, and the housing inventory in the United States has fallen to the lowest level in 20 years, and the downward trend is obvious.

On the one hand, there are fewer and fewer houses on the market, and the demand for buying houses on the other side is increasing.Florida in the United States is known as the "Holy Land" for the aged.Nowadays, a large number of young people are pouring into the local property market.Marissa is one of them. all along, she and her family have always believed that they only rent houses and do not buy houses. Because they have experienced the epidemic, they have seen many friends being driven out by their landlords and drifting away because they have lost their income for a while.As their daughter approached school age, they decided to buy a house of their own.

The latest data show that among many American home buyersYoung people between the ages of 22 and 40 account for the largest proportion, accounting for 37%.According to a survey by the US media, the epidemic has left millions of Americans still working from home, and Americans' concept of housing has changed dramatically.

Real estate, a hot piece of cheese, has also attracted a large number of institutions to come to hoard houses. Recently, more than 200 investment companies, including BlackRock, are buying houses at above-market prices, even buying entire neighborhoods at once.

American economistRichard Wolf.：Now speculators on the market, big Wall Street banks, venture capital firms and investors are buying property in record numbers, hoping to make a lot of money out of it.

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Will the crisis of 2008 repeat itself?

At present, the hot current situation of US real estate can not help reminiscent of the global economic crisis triggered by the last boom, and people from all walks of life are worried about the real estate bubble. Will the US real estate market collapse? Will the crisis of 2008 repeat itself?

In the face of rising house prices, Federal Reserve Chairman Colin Powell often played down the hidden worries about house prices in his speeches.

Chairman of the Federal ReserveJerome Powell：The current real estate market doesn't worry me about financial stability, we don't see non-performing loans, and we don't see unsustainable house prices.

In this regard, some experts directly named and criticized the chairman of the Federal Reserve.

American economistRichard Wolf.：We don't know anything about the future. I don't know. Neither does the chairman of the Federal Reserve. He is not qualified to tell everyone not to worry. This kind of self-confidence is the most dangerous.

Jimmy Reid, chief analyst at Deutsche Bank, says US house prices are soaring at almost the same level as they were before the global financial crisis. At present, US house prices have reached an all-time high, and such a figure will become a "huge concern".

Bloomberg's report is more straightforward: the housing bubble has spread in the United States and around the world, and the market is replicating the "eve" of the 2008 financial crisis. However, some experts have given the opposite view.

Senior Economist, Wells Fargo Bank of AmericaMark Wittner：I don't think we are in the middle of a real estate bubble, because in 2008, people simply speculated in real estate, thinking that prices would go higher in order to get back to their costs quickly.Now many home buyers have very good asset credit, and we are seeing more and more cash buyers.