Improper stimulation policies The US real estate market is difficult to change during the year

The US real estate market is the “center of the storm” of the financial crisis. After the financial crisis, the real estate market remained sluggish. At present, all U.S. government economic measures have failed to effectively stimulate the recovery of the housing market. Coupled with the persistence of the recession and the decline in consumer confidence, the US real estate market is still difficult to change in the short term.

The real estate market is faltering In early 2010, the US real estate market once showed signs of recovery, and the decline in housing prices in some markets has slowed down. But this is mainly stimulated by the US government's $8,000 tax relief policy for new homebuyers. As this tax reduction measure expired at the end of April last year, housing sales have shrunk again.

At the same time, real estate prices in many markets have started to accelerate declines. One of the important reasons is that previously repossessed mortgage housing was sold at a lower price, which in turn forced other sellers to also have to keep prices down.

At present, real estate prices in the United States have even touched the lowest point since the financial crisis. At the same time, the depressed prices did not stimulate home sales. According to the latest data from the National Association of Realtors, the sales of old homes decreased by 3.5% month-on-month in July; at the same time, the contracted sales index of second-hand homes fell by 1.3% month-on-month, the first time in three months.

According to the latest data released by the US Department of Commerce, construction spending in the US fell by 1.3% in July from the previous month, indicating that the recovery of the US real estate market is still underpowered.

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