Housing prices in the US followed a strong upward trend in March, which according to the S&P Case-Shiller index recorded an increase of 20.6% compared to last year.
The index concerns the average measurement of three months until March, while the last one for February had shown an increase of 20%.
At the same time, the 10-city Case-Shiller complex showed a price increase of 19.5% in March, from 18.7% in February. The composite index of 20 cities recorded an increase of 21.2% on an annual basis from the previous 20.3%.
For both the national index and the 20-city complex, the measurements were the highest for more than 35 years.
The highest price increases were observed in the houses of Tampa, Phoenix and Miami, with + 34.8%, + 32.4% and + 32% respectively, while Minneapolis, Washington and Chicago had the smallest with + 12.4% , + 12.9% and + 13%.
Estimates say prices will begin to plummet as home sales have been falling for several months. However, demand is still strong and real estate agents say they are still seeing a lot of offers for high-priced homes.
Source: Capital
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