Bloomberg: Prices Fell In Nearly Half Of US Third Quarter

Early in the morning of November 12th, Beijing time.

The National Association of Realtors reported on Thursday that in the third quarter of this year, the median price of single family housing in 76 cities in the 155 metropolitan cities of the United States declined, and the price of urban housing fell by nearly half.

Among them, the prices of houses in the city of Florida were the largest, reaching 20%.

Next to Palm Cove, Florida and Tucson, Arizona, the drop was 15%.

In the third quarter, the median housing prices in the United States dropped by 0.2% to $177 thousand and 900.

The third quarter housing loan providers have reclaimed more property, while the number of unemployed Americans is still near the highest level in 26 years, making the housing market continue to face difficulties.

According to Reuters, in the third quarter, banks recovered 283 thousand and 450 houses, representing an increase of 22% over the same period last year.

Foreclosed houses are usually sold at a discount, thereby increasing housing supply and lowering housing prices.

The report of the association of Realtors also showed that the largest increase in housing prices in the quarter was 18% in Burlington, Vermont.

El Myra of New York increased by 17%.