Lockdown is coming back

新泽西10% tests are positive。

纽约市上周都在马路上庆祝Joe Biden。

纽约市房地产的方向反转了。

郊区房价涨势不止。

Home Prices in the U.S Increase at the Fastest Rate Since 2013
2020-11-12 15:00:00.6 GMT


By Prashant Gopal
(Bloomberg) -- Prices for single-family homes across the
U.S. increased 12% in the third quarter, the biggest annual jump
in seven years, according to the National Association of
Realtors.
The cost of housing is rising everywhere, adding to
affordability concerns as millions of Americans lose income
during the pandemic. Prices rose from a year earlier in all 181
metropolitan areas measured by the group, and 117 regions had
double-digit gains, compared with only 15 in the second quarter,
according to a report Thursday.
Mortgage rates near record lows have fueled a surge in
demand as buyers compete for an increasingly scarce supply of
listings. Many are rushing to the suburbs, looking for more
space to quarantine in comfort. Unless borrowing costs fall much
further, first-time buyers will increasingly get priced out of
homeownership.
“Favorable mortgage rates will continue to bring fresh
buyers to the market,” said Lawrence Yun, chief economist of the
Realtor’s group. “However, the affordability situation will not
improve even with low interest rates because housing prices are
increasing much too fast.”
The nationwide median price of a single-family home in the
quarter was $313,500, according to the report.
Fairfield County, Connecticut -- home of tony enclaves like
Greenwich, as well Bridgeport, one of the state’s poorest cities
-- had the biggest increase in prices, with 27.3%. Following
were Crestview, Florida; Pittsfield, Massachusetts; Kingston,
New York; Atlantic City, New Jersey; and Boise, Idaho.
At the end of the quarter, 1.47 million previously owned
homes were available for sale in the U.S., 19.2% fewer than a
year earlier. It would take just 2.7 months to sell those homes
at the current rate of deals.