New York Post: US home prices drop for first time in 11 years 13:07

At the end of February 2023, housing prices in the USA began to decline for the first time in 11 years. In this respect informs New York Post.

The country’s National Association of Realtors reported that the average home price fell 0.2% to $363,000, compared to the same period last year. At the same time, house prices in the USA had increased 131 consecutive months before.

The publication noted that most residences fell 4.5% to $366,000 in the west, where housing fell by an average of 5.6% to $541,000, and in the northeast of the country.

March 13, Deputy Chairman of the State Duma Committee on International Relations Alexei Chepa declarationHe said that tightening sanctions on the Russian Federation in the field of private property could deal a serious blow to US confidence.

Before that, Bloomberg reported, citing its own calculations, that the debt crisis has spread from the housing market to commercial real estate, threatening to trigger a worldwide wave of debt shocks. Approximately $175 billion of debt obligations in this segment are currently at risk.



Source: Gazeta

Popular

More from author

Experts noted the negative contribution of human capital to Russia’s GDP 15:59

Human capital has had a negative impact on Russia's economic growth in recent years due to deterioration of public health and a decrease in...

Federation Council responds to NYT material about US concerns when citing data on terrorist attack 16:03

Vladimir Dzhabarov, First Deputy Chairman of the International Affairs Committee of the Federation Council, said that the failure of American intelligence services to provide...