Original title: House prices in the United States soared 19.9% in July to a record high and it is harder for young buyers to buy houses. Source: CCTV News client
On September 28, local time, an analysis of house prices in 20 cities by the S & P / case Shiller house price index showed that the US house price index rose 19.9% in July compared with the same period last year, the biggest increase since 2000, and house prices in 19 cities hit an all-time high. Among them, Phoenix, San Diego and Seattle had the biggest house price increases, with Phoenix rising 32.5%, ranking first in the United States for 26 months in a row.
High prices make it harder for young buyers in the United States to buy homes, according to the National Association of Realtors. The proportion of first-time home buyers fell to 29% last month, the lowest level since January 2019. Meanwhile, investors snapped up 15 per cent of homes in August, up slightly from the same period last year.
In August, there were only 1.29 million homes for sale in the US, and 87 per cent were bought less than a month after listing, according to the data. Sales of existing homes in the first eight months of 2021 increased by 16% compared with the same period last year and 12% compared with the same period in 2019. (CCTV reporter Liu Xiaoqian)
(editor Li Xia)