Housing prices in the US fell 0.3% in July 2022 compared to June. This is proven by data from a research company. CoreLogic.
The cost of homes in the United States fell for the first time in four years since December 2018. Housing prices fell the most in San Francisco, California. The decrease was 3.67%.
At the same time, analysts noted that on an annual basis, the increase in housing prices in the country slowed down for the third month in a row. In July 2022, the cost increased by 15.8% compared to July 2021.
Experts predict that the growth rate of real estate prices in the USA will fall to 3.8% by July next year.
mid-July reportedThe cost of renting an apartment in Manhattan, New York, increased by an average of 29% annually in June 2022, reaching a record $5,058 per month. According to analysts, prices will continue to rise until at least the fall. The cost is rising due to high demand for real estate in the central area of ​​New York.
Source: Gazeta
Jackson Ruhl is a tech and sci-fi expert, who writes for “Social Bites”. He brings his readers the latest news and developments from the world of technology and science fiction.