Was lost10years did the lesson and? housing bubble signs of! u.s. economy

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The american housing situation “if you should have bought more quickly” heats

Some days ago, reading the Nikkei newspaper, there was an article which becomes matter of concern (from the July 24 date morning edition quotation).

It is good to the Japanese apartment sale, “in case of applicant large number as for the wording, pulling out selection” there is no United States.As for the residence, the buyer presents the respective purchase desired price (to point, value) to dead line, the person who acquires most large amount obtains purchase right.Pen chiyon of the software engineer who lives in American Silicon Valley (37) the husband and wife recently obtained the private house of desire with 4th challenge.

To last year you had lived in the lease residence, but feeling impatience in soaring of residential price, determining purchase.One after another, it bid, but it cannot bid successfully easily.Every you became tired even in the house round of weekend, with the object of four me “it will decide with this”, that “you pointed prudently and searched value”.As for presentation price of seller 440,000 dollar (49,000,000 Yen).Resigning, when you acquire 495,000 dollar, “rear 3000 dollars it doesn’t add?”, that you examined.Acknowledging this, finally it could purchase.

In the United States residential boom overheats.If increase of the interest rate started, expectation there was a residential price that it settles, but rise is really continued. “If you should have bought more quickly”, is when straw za [ru] feeling of the pen.

for overall assessment of the economy, 8monthly economic report of the month (8month9announced) in that out of the landing upward revision is made and, the japanese economy healthy it is now up to read to be regaining, in the united states beyond the sea housing bubble pointed out that there is a, there is a strong sense of caution. nomura securities to be issued nomura weekly (7month18no. sun) according to the,

this year3looking at the rate of increase in house prices at the end of, national average compared to the previous year12.5%rise of, past5in the years50%rise of more than has become. looking at each state, western nevada (year-on-year rate of increase31%) , california (same25%) and led, rate of increase in area is larger on both sides

has been reported. also, u.s.: home equity loans and housing prices also reports of mitsubishi securities economist entitled, about the recent rise in house prices

05years1~3month period year-on-year house prices12.5%have maintained a high growth rate and, in the coastal area is showing a particularly high rate of increase. california is a year-on-year25%, washingtonDCis the same22%, same florida21%that, and so on. also, 2004as features from the year, some areas have greatly increased the rate of increase has been low until now stopped. 80looking back at the time the rise in housing prices in the late, concurrency between regions was weak but was severe price fluctuations in the coastal. 90the largest increases in the coastal area also increased in this aspect from the late, this seems to be the greater simultaneous nation-wide

has been and overview.

lost the place to go investment money raise the land value is

in this way, prime cause house prices have been rising, u.s. low interest rates nothing more than, also to look back on my japan, low interest rates or low price in the background (invariably) from apartments that strong boom, its mechanism (=benefits of low interest rates) you will see that there is exactly the same.

but in the united states, mentioned at the beginning soaring house prices=signs of the housing bubble led by, from a sense of caution to be upward pressure on prices and wages has increased, 8month9was held on sunFOMC (federal open market committee) policy interest rate is (FFrate) raise the, years3.5%and decided to. last year6from the end of”10consecutive”has become of interest rate hike, these rate hikes proof that the u.s. economy is strong (testimony) on the other hand is understood to be, bubble (foam) you also receive for precaution to prevent bursting.

in japan,, the trend of land prices and land price has been announced this year to enter the, although overall have fallen continuously, has been in some areas such as tokyo also is inverted it has been reported. in fact, that it has become a driving force of these land price hike, like the u.s. low interest rates according to the large place, institutional investors also to individual investors as well as relatively high-yieldingREIT (real estate investment trust) that went to real estate investment represented by the, redevelopment area to the city center and high-value future investment money the inflow is, has led to the rise of land prices.

(related columns) that land prices in tokyo13rose for the first time in years (know-how of home ownership)

japan also housing bubble do they come in vogue?

as we go through the flow of this series, when america sneezes, japan catching a cold among us-japan relationship is said to be, against the backdrop of prolonged low interest rates might become the housing bubble and japan? tend to imagine.

but (for good or for evil) , worry that you probably do not need. bubble and is, phenomenon is only the real economy and prices rising to more than, adequate infrastructure is not ready to completely move away from deflation, also, real estate market is oversupplied, they are not favorable inventory adjustment also.

1980during the bubble period in the late i think for those who are made a, may not be unreasonable also have a faint hope. but, bubble=foam rupture will always. was lost10years the”memories of the past”and also to, the japanese economy will most soft landing.