Is it time to buy US property?
It seems that the US house prices are at a fork juncture. Overall sales have dropped in July, after four months of increasing. The explanation expounded by the real estate “experts” is a combination of, too few houses available for sale on the market, and higher prices that have risen around 5% compared to last year. This has resulted in less choice for buyers and the absence of attractively cheap prices.
The Western US is the only region that saw sales increase and the average home price was at around US$ 350,000. The North East averaged around US$ 285,000, the Midwest around US$ 195,000 and the south East around US$ 215,000. Continue reading “Is it time to buy US property?”