What exactly is the U.S. housing market?

Six years after the U.S. housing market crashed, the real estate market continues to recover, shaking off a record number of foreclosures and spiraling home prices, making the prospect of a housing market collapse more distant.

Among them, the five regional property markets introduced in this article experienced the strongest rebound in 2013.

Introduction We all want to forget about the collapse of the U.S. housing market.

Six years later, the housing market continues to recover, shaking off a record number of foreclosures and spiraling home prices, making the prospect of a housing collapse more distant.

In October 2013, the number of new housing construction permits issued reached the highest point in five and a half years, and the national housing prices in the United States increased by 12.5% ??compared with the same period last year (the housing price increase in 2012 was 6%).

The rebound in some areas was larger.

This article introduces the five markets with the strongest recovery in 2013. Thanks to the data from real estate websites Trulia, Zillow and other real estate professional institutions.

San Francisco San Francisco is a tech hub that attracts some of the best and brightest.

Some of them make millions of dollars in salary.

From 2005 to 2011, housing prices in San Francisco fell by about 35%.

But since 2011, housing prices here have begun to rise rapidly.

The latest S&P/Case-Shiller Home Price Index (S) At the same time, like other states, Texas has also seen areas where home price rebounds rank among the top in the country, such as Austin.

Austin is known as "Silicon Mountain," home to technology companies such as Dell, which has helped support the region's growing housing market.

Over the past year, Central Texas's Home sales rose by 8.

Unlike San Francisco, housing prices in the Austin area remain relatively affordable.

Trulia data shows that about half of the homes in Austin are sold for sale. Within the reach of middle-income families in the United States, in San Francisco, the number is only 14.

Orange County, California's sunny Orange County is a surfing mecca and the home of the reality TV show "The Dames of Orange County." The Real Housewives of Orange County.

Just four years ago, the number of foreclosures in Orange County was at an all-time high. Housing prices have rebounded by 30% from their lowest point.

However, there are still problems in this market.

Affected by the economic recession, there have been basically no new homes built in Orange County in recent years. As a result, there are fewer homes for sale in all price ranges, especially those priced under $500,000.

This situation is bound to cause housing prices to rise, and this phenomenon is common throughout California.

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This situation has both advantages and disadvantages for the California housing market.

People in Houston say that everything will be bigger in Texas, and the housing market rebound is no exception.

Overall, Texas has not been as hard hit as other regions.

As a result, the Texas housing market has rebounded much faster than other regions in the United States, mainly due to local energy. Industry.

Among all large cities in the United States, Houston’s employment levels were the first to return to pre-recession levels, and the local housing market also benefited from employment growth.

In October 2013, Houston’s housing prices dropped. The value increased by 8.9% year-on-year to $177,500; the average home price also increased by 7.9% to $239,773.

In the summer of 2013, Denver’s housing prices exceeded their pre-recession peak.

Growth in a range of industries, led by the energy and technology sectors, has injected momentum into Denver's economy, helping the local housing market begin to strengthen.

The widely watched U.S. housing market health index shows that in May 2013, Denver's housing price index was 140.98 higher than the base month, slightly exceeding the previous high of 140.28 in August 2006.

Following Dallas, Denver has also become one of the first cities in the United States to hit new highs in housing prices.