Housing prices in the US rose by 6% in the first quarter of the year compared with the previous year, as competition intensified due to lower supply in the housing market.
Prices rose by 1.4%, seasonally adjusted, compared with the previous three months, according to a statement by the Federal Agency for housing finance.
In March, prices rose by 0.6% compared to February, which corresponds to the median estimate of 15 economists.
Job growth leads to an increase in demand for property, which pushes buyers to tender related to a shortage of supply in the market. According to the National Association of Realtors, has sold 1.83 million homes on the secondary market, which is by 6.6% less than in the end of March, compared to last year.
Based on materials WELTRADE
