Overseas Property Blog :: guide to international real estate investment

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Posts Tagged ‘us property market’

US Housing Starts On The Rise

by OP-Mall on Thursday, March 26th, 2009 in United States Property

construction-homes-usa Latest reports from the US show a renewed sense of hope in the housing starts department as figures showed a 22 percent rise in February from the month of January. New work on some 583,000 homes is seen to be a positive sign and indication that maybe the worst of the US housing slump is over.

While the warmer weather is partially responsible for the jump in new construction, analysts do not believe this new rate will be sustained in the future. Most of the new housing starts are apartments and condominiums.

Plus, there still are hundreds of thousands of unsold properties on the market, keeping the recession tight. Despite the non shifting property market, economists think that “the worst of the contraction may have passed.”

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Will Obama Help Boost the US Property Market?

by OP-Mall on Thursday, November 6th, 2008 in Chicago, United States Property

barack-obama

Yesterday we were part of history being made. Martin Luther King’s dream has finally become reality as the people of the United States elected senator Barrack Obama into the presidential seat.

All around the world, newspapers, blog posts and radio shows were talking about a new dawn, a renewed sense of belonging and humanity all thanks to this charismatic leader called Obama.

But it is early days yet and there is no doubt that Obama will have his plate full to the brim with concerns about the economy, the global credit crunch and the war against terrorism. The question is, how will Obama’s election affect the US property market?

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Overseas Investor Opportunity In The US

by OP-Mall on Thursday, October 2nd, 2008 in United States Property

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As reports of the US glooming economy keep appearing, many US residents fight for their financial survival. According to latest new sources, there is now a huge surplus of unsold housing which is unlikely to shrivel fast.

In August, median house prices in the US fell to 6 percent, or $221,900. This is the lowest since the past eight years when the country was on a high with a huge property boom, especially along the coastal regions. What many couldn’t afford back then might well become affordable soon as property prices keep declining.

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International Property News Beat – Tough times in Romania, Florida Stabilizing & Stopping Flipping in Dubai

by Overseas Property Mall on Sunday, August 31st, 2008 in Property News Summaries

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U.S. Is Gobbled Up By Foreign Buyers

by OP-Mall on Thursday, April 24th, 2008 in United States Property

Foreign buyers are eating U.S. property for dinner lashed with plenty of sauce. Ok, that was a rather weak approach at injecting some excitement into the fact that American real estate agents are pimping out bonuses to overseas buyers.

Extras such as airfare reimbursements and paid hotel bills could well become a reality for you if you are amongst those overseas buyers who have taken advantage of the dwindling economy in America.

Right now we enter a buyers market – if only there are buyers with enough cash flow to play the game. To boost local economy, some real estate agents have taken matters into their own hand and lure buyers from across the pond by giving them the royal treatment.

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California Dreaming

by OP-Mall on Monday, March 31st, 2008 in United States Property

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Californian property has gained a renewed worldwide dream appeal for overseas investors since the slump of the U.S. dollar has given them more buying power. While local American interest has stalled, mainly due to slumping property prices and the fall of the U.S. dollar, overseas investors are snapping up properties in California as if they were the latest fashion.

This latest trend has prompted many local Californian Realtors to switch advertising tactics and target foreigners instead. Buyers from countries such as Spain, Russia, the Netherlands, the Philippines, Brazil, China, Italy and Mexico have especially been active in acquiring their dream property in California.

The dream of sand, sea and eternal sunshine lures investors to take advantage of the great conversions while the going is good.

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