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Will Obama Help Boost the US Property Market?

Thursday, November 6th, 2008    Posted by OP-Mall 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

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

street-in-san-francisco

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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