United States property robbed the Fed hinted that continue to rise

United States real estate industry is undergoing a major adjustment information map

"The United States real estate industry is experiencing a major adjustment, but apart from that, the United States economy continued to maintain a healthy and vibrant. "The Federal Reserve Bank of Dallas District 25, said Fischer. This is from the United States currency authorities this month, 20, announced renewed interest rates remain unchanged since the first public on economic issues statement of Federal Reserve officials. However, Fischer also once again stressed that now more than economic, worrying is inflation, implying that the interest rate is not the end.

The property market is going through a major revision

Fischer acknowledged that the United States real estate industry is experiencing significant amendments, this judgement is also available from the latest data is validated.

25 day published United States August second-hand housing price for the first time in 11 years, while sales decline is reduced to the lowest since early 2004. National Association of Realtors said last month that second-hand middle price over the same period last year, sales volume decrease 1.7% by 0.5% annualised to 630 million sets.

At the same time, the housing supply is increased to over 13 years of highest level, therefore, further price cuts sales seems to be inevitable. House price fall will undoubtedly affect the United States consumer's ability to pay, and thus to the United States economy accounted for 70% of consumer spending.

The Fed is the "attention" of the housing market, Fischer said. But he also pointed out that, unlike the previous housing market slowdown, current United States banking system stability, liquidity, so do not panic.