Among them, the five regional property markets introduced in this paper, 20 13 has the strongest rebound.
We all want to forget about the collapsed American real estate market.
Today, six years later, the real estate market continues to recover, getting rid of the record number of foreclosed houses and spiraling housing prices, making the scene of the property market crash more distant.
20 13, 10 in June, the number of new housing permits reached the highest point in five and a half years, and the national housing prices in the United States rose by12.5% year-on-year (the housing prices rose by 6% in 2012).
The rebound rate in some areas is relatively large.
This paper introduces the five markets with the strongest recovery in 20 13, and thanks to the data of Trulia, Zillow and other real estate professional institutions.
San Francisco is a science and technology center, attracting some of the best and brightest people.
Some of them earn millions of dollars.
From 2005 to 20 1 1, the house price in San Francisco dropped by about 35%.
But from 20 1 1, the house prices here began to rise rapidly.
The latest Standard & Poor's /Case-Shiller House Price Index (S) At the same time, like other states, Texas also has a region with the highest level of house price rebound in China, such as Austin.
Austin is known as the "Silicon Mountain", where the headquarters of Dell and other technology companies are located, which helps to support the growing local real estate market.
In the past year, home sales in central Texas increased by 8%.
Unlike San Francisco, Austin's housing prices are relatively acceptable.
According to Trulia's data, about half of the houses in Austin are within the affordability of middle-income families in the United States, while in San Francisco, the figure is only 14%.
Orange County, California, sunny Orange County is a surfing mecca and the shooting place of the reality show "The Real Life of a Lady in Orange County".
Just four years ago, the number of foreclosed houses in this area was at an all-time high.
Today, house prices in Orange County have rebounded by 30% from the lowest point.
However, there are still problems in this market.
Affected by the economic recession, there are basically no new houses in Orange County in recent years, and the number of houses for sale at various prices is decreasing, especially those below 500,000 dollars.
This situation is bound to lead to rising house prices, which is common throughout California.
For the California property market, this situation has advantages and disadvantages.
People in Houston say that in Texas, everything will be bigger, and the rebound of the property market is no exception.
On the whole, Texas is not hit as hard as other regions.
As a result, the property market in Texas rebounded much faster than other parts of the United States, mainly due to the local energy industry.
Among all the big cities in the United States, the employment level in Houston was the first to recover before the recession, and the local property market also benefited from the employment growth.
In 20 13+00, the median house price in Houston increased by 8.9% year-on-year to 177500 USD. The average house price also rose by 7.9% to $239,773.
In the summer of 20 13 in Denver, the house price in Denver broke through the highest point before the recession.
Driven by the energy and technology industries, a series of industries have achieved growth, which has injected momentum into Denver's economy and helped the local property market start to strengthen.
The widely concerned health index of American housing market shows that in May of 20 13, Denver's housing price index rose by 140.98% compared with the base month, slightly exceeding the previous high of 140.28% in August 2006.
After Dallas, Denver has also become one of the first cities in the United States with record housing prices.