Embedded in CNBC’s Real Estate “Recovery Watch” data center is evidence that the US real estate cycle is in full swing
Embedded in CNBC’s Real Estate “Recovery Watch” data center is evidence that the US real estate cycle is in full swing.
You can access it here.
It shows that of the 141 main cities in the contiguous United States, only 5 saw price falls in the last12 months (and those prices fell by 1 per cent in those 5 cities). Expect general rise in prices to continue for a while.
Akhil Patel, of US Family Real Estate, said the following: “It’s ironic that CNBC refers to its graphics as a “recovery” watch. The US real estate market recovered a long time ago. The data shows that the current real estate cycle is now in full swing. Expect to see continued house price appreciation across the United States as well as rising demand for housing, increase in construction and mortgages. The real estate cycle plays out over 18-20 years historically, and there is much further to go.”
You can read more about the cycle by downloading our White Paper.
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