Real estate prices in the United States registered a record rise of 18.8% in 2021, driven by historically low interest rates and the massive adoption of remote work, according to a survey by the consultancy CoreLogic Case-Shiller published Tuesday by S&P.
This price growth is well above the 10.4% this sector registered in 2020, and is the highest increase recorded in a calendar year since the recording of these data began 34 years ago.
Three cities in the south of the country: Phoenix (Arizona) with a price increase of 32.5%, followed by two cities in Florida, Tampa (+29.4%) and Miami (+27.3%), are at the head.
However, all regions recorded “impressive gains”, underlines Craig Lazzara, CEO of S&P Dow Jones Indices, quoted in the statement.
Reference interest rates in the United States have been very low since the start of the covid-19 crisis, allowing buyers to acquire housing at a lower cost.
The telework modality, more widespread than before for American workers, also allowed many families to move away from urban centers, and even change their place of residence.
AFP
Source: Larepublica
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