Housing prices in America at the fastest pace in seven years

Housing prices in America at the fastest pace in seven years

Data showed on Tuesday housing prices in the United States during the May / June last year at the fastest pace in more than seven years with the residential real estate sector recovered.

Index of the S & P / Case - Shiller to measure the value of real estate in the U.S. market increased by 2.12% during the period from May / June 2012, the largest annual increase since March / March 2006 after rising 1.12% the previous month, and the median forecast of 31 analysts polled by Agency Bloomberg News opinion refers to the economic index increased by 4.12%.

The decline was the historical interest rates and shortage of supply in the market and improve the labor market has led to increased demand for residential units, prompting prices to rise, as the rise in the value of real estate to improve the financial situation of the families of America, which could lead to improved consumer spending, which represents the bulk of the U.S. economy.

Said Anika Khan, a senior economist at Foundation and Wells Fargo Securities in North Carolina is a branch of the Bank and Wells Fargo's largest bank Mortgage in the United States say, "We're still waiting for more momentum" in the real estate market "is still the level of inventory in the real estate market Mnfkhadda in historic . "