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The US Federal Housing Finance Agency said that the main reason is that prices in New England, including Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, fell by 1.0%.
The data also shows that in the past 12 months, house prices in the United States have fallen by 2.8%. At the same time, the month-on-month increase in house prices in September was revised to 0.4% from the previously announced 0.9%.
The U.S. Federal Housing Finance Agency said that the housing price level in October was 19.2% lower than the peak in April 2007, which was basically the same level as in February 2004.
Insiders pointed out that there are a large number of real estate or foreclosure properties on the market that cannot be repaid in time. However, for every foreclosure property in the U.S. community, the average price of the community will be lowered by about 1%, and the market price will be 8 The sale of foreclosures around the sale will keep US housing prices at a low level.
According to the data released by the U.S. Mortgage Bankers Association on the 22nd, the current mortgage interest rate has remained at the lowest level in history, but last week the mortgage loan application index still fell 2.6 percentage points. Some analysts believe that the current high unemployment rate and low wages make many people unable to meet the loan conditions, many Americans do not want to put assets into real estate, and worry that the value of the home will shrink in the next few years.
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