Properties in the USA are Undervalued According to The Economist Magazine Pay OFF Debts

Jan

Properties in the USA are Undervalued According to The Economist Magazine

Bernard E Credit Repair Tips 2012-01-22

Well known magazine, The Economist has stated that houses in the USA are currently selling on average 22% below the price-to-rent ratio.

figures based on extensive housing statistics between 1975 and 2011 highlight the fact that property in the USA has a lot of room for future capital appreciation for investors who buy while the market is slow.

Since the USA’s property crash in 2006, many investors have been looking to purchase US property foreclosures and various buy-to-let properties in the USA due to the low property prices with many investors seeking US property foreclosures at a low prices.

With mortgages unobtainable for most due to large deposits required and the rising amount of foreclosed properties, the rental market is currently experiencing a boom in many states where prospects and employemnt are picking up like Michigan for example.

Writing with caution, the magazine also stated that house prices may take a further dip over the next year and a half. f the house prices to dip for a while before bouncing back then some investors would suggest that this dip time would be the ideal time for those looking for a long-term investment to acquire houses when they are at the lowest prices.

Since the market peak of 2007, the value of properties in the USA has dropped on average by 34%.

The newspaper also reported an 8.2% increase in sales from 4,222 to 4,568 in September, with median prices rising by 10% from $68,000 to $74,900 across Metro Detroit. In Wayne County alone, property sales rose by 1.6% from 1,776 to 1,804 in September. Median property sale prices also experienced a rise with an increase of 8.8% from $40,000 to $43,500.

However most of these foreclosures homes will need to be refurbished. Some specialist companies have taken the hassle out of Detroit property investments and offer complete investment packages, supplying homes in good areas that are refurbished and are already rented to long-term tenants meaning instant income for investors.

If you are interested in taking advantage of the current below market value prices of properties in the US and specifically US property foreclosures, and property for sale in Michigan then contact Experience International on +44 (0) 207 321 5858 or email enquiries@exprience-international.co.uk.

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