This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

US Residential Market sees Dire Start to 2011

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United States  US Property Market  Standard and Poors  Washington DC  San Diego  David Blitzer 

US Residential Market sees Dire Start to 2011

By - Thursday 31 March 2011

Just two metropolitan areas of the US witnessed positive year-on-year house price gains, the latest Standard and Poor's S and P/Case-Shiller Home Price report has revealed.

San Diego and Washington DC were the only two regions which bucked the negative trend and saw residential prices increase, with average home prices across the US now at the same level seen in the summer of 2003, the research noted.

Even in these two markets, the gains were modest, with San Diego only up by 0.1 per cent and Washington DC recording a 3.6 per cent home price growth rate in January.

"These data confirm what we have seen with recent housing starts and sales reports. The US housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery," said David Blitzer, chairman of the Index Committee at Standard & Poor's.

Overall, the financial body noted that US home prices for the month of January fell 3.1 per cent compared to a year previous.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Visit Our Investment Terms Glossary



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus