The U.S. house prices, as reflected by the S&P/Case Shiller U.S. National Home Price Index grew rapidly from 2000 to 2006, when they reached their peak, and then started to fall down in the following years. The house price growth trend began in 2012 again and since 2016 the house price index has exceeded its value from 2006. In 2018, the average new home was sold for 385 thousand U.S. dollars.
The U.S. housing market has bounced back since 2011. There were 617 thousand houses sold in the United States in 2018 - the largest figure since 2008. However, the U.S. homeownership rate has been on decline since 2005 and amounted to 64.8 percent in 2018.
Home flipping is a real estate term which refers to the practice of an investor buying property with the aim of reselling them for a profit. In 2017, the number of single family homes and condos flipped reached 207,000 in the United States. The leading house flipping markets by gross return on investment were concentrated on the east coast in the first quarter of 2018. East Stroudsburg, Pennsylvania led with a gross ROI of 164.1 percent in that period.