Of the 20 cities that were tracked, all had pricing increases; a trend that began three months ago.
Are Luxury Towers Taking Over New York City?
“Five years after the start of the financial crisis in earnest, and four years and a week’s time from the beginning of the economic recovery, we’re finally starting to get more of a pickup,” John Ryding, chief economist at RDQ Economics, told The New York Times.
“It’s been a very drawn-out process, but you have to remember what we’ve been digging our way out of.”
In addition to the rise in home prices, construction of new homes in the United States has been on the rise.
