U.S. home prices will defy the current economic downturn and ride out the storm, supported by record low mortgage rates and limited supply, according to a Reuters poll that showed housing outpacing consumer price rises this year and next.
FILE PHOTO: Development and construction continues on a large scale housing project of over 600 homes in Oceanside, California, U.S., June 25, 2018. REUTERS/Mike Blake/File Photo
According to the June 9-19 poll of over 40 housing strategists, house prices will rise 3.0% this year and next. Housing demand, highly sensitive to mortgage rates, has steadily declined since last November. But the average 30-year mortgage rate USMG=ECI hit a new low of 3.3% this month, providing an impetus for buyers to lock in cheap borrowing rates.
Apart from weak activity, the main threat to the U.S. housing market is unemployment, which jumped from record lows to record highs within a couple of months. Still, only a few analysts were expecting house prices to fall in 2020, a stark difference from the 2008 crisis, when property values plummeted by more than a third.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
The Price of IsolationAmerica faces a hidden epidemic of loneliness that may make us more vulnerable to the pandemic
続きを読む »
U.S. Faces Rent Crisis As Pandemic Eviction Restrictions Get Rolled BackNPR's Lulu Garcia-Navarro speaks with Matthew Warren of the Western Center on Law & Poverty about how ending pandemic-related eviction prohibitions will affect low-income and unemployed tenants.
続きを読む »
Lower Manhattan Offers Clues on How to Live Post-PandemicThe move to transform lower Manhattan after the Sept. 11, 2001 attacks made it more resilient to the sort of economic shocks the entire city now faces because of the coronavirus pandemic
続きを読む »
These Industries Were Hardest Hit in the First 100 Days of the Pandemic. Where They Are Headed Next.The World Health Organization declared the coronavirus outbreak a pandemic on March 11, and many industries suffered in the economic fallout. Here’s a look...
続きを読む »