Want to buy home? NHB just dashed your plans to get dream house
Buying your own house is everyone's dream. Tellingly, housing companies, builders, and others have been saying that their inventories are rising as no one is buying. However, National Housing Bank data shows that prices of homes have actually skyrocketed, instead of falling! In short, builders have just made your wish to buy a home of your own that much harder, if not impossible.
Housing Prices in April-June quarter
Housing prices increased in 33 cities by up to 22% during April-June quarter this fiscal, while rates fell in 14 cities by up to 13% and three cities remained stable, according to revised National Housing Bank data with new base year.
For under-construction properties, housing prices went up in 39 cities by up to 17%. (Reuters)