Property Values In The Usa Are Surging Rapidly

By Author: Roscoe Mays
Total Articles: 9
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Recent Case-Schiller stats showeda price gain of 10.9 per cent across the US.

Case-Schiller’s survey saw all 20 markets featured post price gains with several cities bettering 20 % in terms of gains.

Atlanta – where many large hedge funds are buying up foreclosed homes - was among those towards the pinnacle of the table with a 19.1 per cent rise, year on year.

Las Vegas posted a 20.6 per cent increase and Phoenix 22.5 %. Dallas, which happens to be attracting buying from both funds and international buyers, increased by just 6.8 % on the Case-Schiller figures. The two Florida markets that the investigation includes - Tampa and Miami - both posted gains of more than 10 %.

The Case-Schiller figures came at the same time that the total number of properties in some positionof foreclosurefellto 1.1 million, down from 1.5 million a year ago.

Foreclosures, though, were still occurring at 52,000 monthly – at least twice the average rate before the crisis.
Clearly the property sector is still transitioning from depressed to vibrant again.

But the trend is certainly heading ...
... the right way with such robust and consistent price rises being registered.

It appears from these statistics that the bottom for the US property market may have been some six to 12 months ago.

For those wanting to buy, with the upward trend there is considerably lessrisk of capital loss, however rising prices have reduced rental yields.

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