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Prices for habitation in the USA have again deceived forecasts of analysts

28 May 2009

In March falling of cost of habitation in 20 largest USA cities has exceeded forecasts. According to data of index S&P/Case-Shiller, reduction of prices has made 18,7 % in comparison with March, 2008. Bloomberg analysts predicted average reduction of real estate price index on 18,3 %.
Most of all the prices have fallen in the Phoenix, Las Vegas and San Francisco.
Experts have noticed that the record number of deprivations of the property rights promotes falling of the prices for habitation and makes it more accessible.
In this connection rates of sales reduction are slowed down, and, probably, it will allow stabilising them.
In March Habitation cost in the USA has decreased on 2,2 % in comparison with February, 2009. In I quarter of 2009 prices have fallen on 19,1 % in comparison with the similar period of 2008 and it is the maximum decrease from the beginning of tracing of these data in 2001.
Meanwhile sales in the secondary market of habitation in the USA have grown in April on 2 % in annual calculation and have reached 4,66 million houses. Such forecast was published by agency Bloomberg. In March  4,57 million houses were sold.

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