In 2021, housing prices have skyrocketed around the world. The USA is no exception. Over the past 10 years the average rise in prices in the United States has been more than 153%. Experts expect this trend to remain unchanged in 2022. According to various companies, the growth in the cost per square meter can range from 11% to 16%.
Why is American housing going up so fast?
There are several reasons for such a rapid rise in prices:
There are fewer objects available for purchase, as there has been a decrease in housing built. This is partly due to the pandemic. In addition, there are fewer offers from owners - they are in no hurry to part with their housing, as they are not sure if they can find a better offer.