|
Chinese to English translation
Temperature of the housing market back to the good performance of the metropolitan
area in Northeast .
By Fan Yongxuan compilation
www.worldjournal.com, Article
link (Chinese) click here.
March 12, 2011 06:00 AM
Most of the nation's housing market showed signs of bottoming, but it is still
stuck over the expansion area foreclosure wave, photo, Pennsylvania Canonburg
new community. (Associated Press)
Most of the nation's housing market showed signs of bottoming, but it is still
stuck over the expansion area foreclosure wave, photo, Pennsylvania Canonburg
new community. (Associated Press)
U.S. housing slump, the standard S & P (Standard & Poor) of the Case
- Schiller Index (Case-Shiller index) shows that the housing market in December
last year, from 2006 down 31% peak in 2010, falling house prices 4.1%, regional
housing market was mixed. However, price fluctuations of the different metropolitan
areas, New York appraisal firm Mitchell, Maxwell and Jackson Inc. President
Jackson (Jeffrey Jackson) for example pointed out that Connecticut Greenwich
(Greenwich) Urban housing prices have begun to pick up, but moderately priced
housing around is still slow moving. However, the situation is opposite in
the Midwest, sales of new communities and foreclosure hot, but the urban housing
and retirement communities are poor sales.
National Association of Realtors (National Association of Realtors), chief
economist at Yonge (Lawrence Yun) said that the current housing market remains
stable, "house prices rise the previous quarter, this season may well
come down." Experts pointed out that the Case - Shiller index of only
20 areas measured by the nation's housing market, only the records of transactions
included in the statistics, is not representative. Local Market Monitor Inc.
To provide more comprehensive data collected by Federal Housing Finance Agency
315 U.S. record of regional housing market transactions, and regional economic
development into account to assess the performance of regional house prices.
LMM analysis, in most parts of the housing market has bottomed out, there
are 22 housing market remains "very dangerous" (frankly dangerous),
20 a room more market speculators, and another 259 regional housing market
return to "normal" (typical ), while 15 areas suitable for conservative
investors to approach. LMM ? Chief Operating Officer Caroline Beth (Carolyn
Beggs) said, compared with three years ago, the majority of the housing market
back to normal. But she reminded the metropolitan area house prices "common
but differentiated", interested homebuyers should carefully compared.
LMM report, New York and Boston and other northeastern cities to benefit
from Wall Street back to the warm, house prices began to rise. Employees in
the greater Washington area due to Lianbangzhengfu stability in the housing
market has stabilized. Philadelphia metropolitan area house prices decline
in the fourth quarter of 2010 was 0.5% in 2010 to a family building permits
issued also increased by 8%, are better than the U.S. average. National Construction
Association (National Association of Home Builders), senior economist at Danek
(Robert Denk), said house prices peak in the Philadelphia area did not over-expansion,
but the nearby Allentown, Pennsylvania (Allentown) due to the rapid expansion
is still in deep foreclosure tide.
Southeastern United States such as Orlando, Florida (Orlando), (Jacksonville)
and Dai Tonna (Daytona) metropolitan areas such as high unemployment rate,
there is a lot of foreclosures, and investment houses (second-home) the market
has not recovered. LMM assessment, Orlando housing market is still "very
dangerous" (frankly dangerous), 2010 8.1% decline in house prices in;
house prices fell 7.3%, Dai Tonna fell 5.6%.
California regional housing market varies greatly, some urban housing prices
rise due to population growth led, for example, house prices in 2010 increased
by 0.1% in San Diego, Los Angeles prices were flat, while the Silicon Valley
near San Jose-Sunnyvale-Santa Clara area house prices rise 2.2%. San Diego
Re / Max real estate broker Diane ? Kazakhstan Knight (Dianne Hartnett), said
local cooperative apartment (condo) average selling price of 575,000 yuan,
sales good, "urban areas in the small number of new apartments, there
are help stabilize the housing market. "However, the housing market is
still optimistic about central California, for example Furuisinuo (Fresno)
Jibei LMM as a" very dangerous ", house prices fell 5.5% in 2010,
a large number of foreclosures, Vacancy rate is high.
U.S. Xinan Bu as , Renault (Reno) and the Phoenix housing market has
not turned around, etc., are LMM as "very dangerous" in 2010
house prices fell 5.9%, Renault fell by 10.3%, while Phoenix fell 8.9%. In
contrast, Austin (Austin), Dallas (Dallas) and San Antonio (San Antonio) and
other Texas cities to provide employment opportunities for the oil industry,
prices higher resilience, San Antonio housing prices rose by 0.7% in 2010.
Read more: World News Network - North America Chinese News, Chinese business
information - the housing market back to the good temperature performance
of the metropolitan area in Northeast
| 
