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As the US economy recovers further, the median house price in the United States broke through the $400000 mark in June, reaching $407600 (about 2.73 million yuan), up 15% from the same period last year. Month-on-month growth of 1.42% is the highest since the late 1980s.
As the most expensive metropolis in the United States, San Francisco is well ahead of other cities with a median price of $1485400 (9.96 million yuan). According to Anjuke’s overseas real estate statistics, the house price in San Francisco is about twice that of California and four times that of the United States. Los Angeles is not far behind, with a median home price of $874900 (about 5.87 million yuan).
From a city-by-city point of view, the total price trend of housing sales in the eight major cities of the United States was divided in June, rising and falling month-on-month. Seattle, Boston, New York and Chicago fell, with median prices of $875320 (about 5.86 million yuan), $781500 (about 5.23 million yuan), $682900 (about 4.58 million yuan) and $355270 (2.38 million yuan per month), respectively.
Anjuke overseas real estate analysis believes that since the end of 2021, U. S. mortgage rates have almost doubled. Rising interest rates, coupled with high house prices, are squeezing potential buyers and cooling the housing market in some of the most popular big cities.
In June 2022, Canadian house prices fell for the second time in two years. The average total price of all houses in Canada is 839100 Canadian dollars (about 4.36 million yuan). House prices across Canada fell for the first time in two years in April and then continued to fall in June.
As the most unaffordable city in Canada, Vancouver led the market with C $1.3356 million (about 6.88 million yuan), down 3.27% from the previous month, while the average home sales price in Toronto was C $1.2212 million (6.27 million yuan), down 0.46% from the previous month.
Anjuke overseas real estate analysis believes that the turmoil in the Canadian housing market is also caused by the central bank actively raising interest rates. Canada’s benchmark interest rate has risen to 1.5% from 0.25% at the beginning of the year. After several years of record-breaking growth, the housing market in some parts of Canada has cooled sharply in the past two months, in line with the jump in interest rates and the fatigue of buyers.