USA Market Overview 2017-12-01T14:23:23+00:00

USA MARKET OVERVIEW

USA Property market today

The recession in late 2007 led to a rise in interest rates and many property owners were unable to make their mortgage repayments. This resulted in a series of repossessions and foreclosures as banks curtailed lending, due to the prevailing market conditions of the recession. With no availability of finance, the reduced demand caused the inevitable fall in house prices. Many households were forced into private rented accommodation having been excluded from the property market.

Rented Housing Market Opportunity

This has opened up the rented housing market in many major US cities, particularly where employment rates are increasing and vacancies are opening up. One such city is Detroit, where the motor manufacturing industry has rallied and created more jobs. Letting agents have reported increased demand for rented family homes, particularly in areas close to important amenities including shopping centres, schools and universities.

Availability of Below Market Value Properties

There is a backlog of latent foreclosures as major US banks continue to clear their books of troubled mortgages. Through ‘short sales’, homeowners can settle debts by selling their properties for less than the mortgage value. This means that investors have a selection of below market value properties to choose from, in several key cities including Detroit, Memphis, Atlanta and areas such as Florida where rising employment is gaining momentum.

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OPPORTUNITIES IN USA

EXAMPLES OF PROPERTY DEALS AVAILABLE

This are examples of US properties purchased by investors taking advantage of the low entry prices and rental income potential.
Contact us to find out what properties are currently available

  • Detroit, Michigan
  • Price: $7,000
  • Bedroom: 3
  • Bathroom: 1
  • Living room: 1
  • Construction: brick
  • Size: 1,272 sq ft
  • Tax: $2,070 per year

Remarks: 3 bedrm brick colonial.

  • Detroit, Michigan
  • Price: $8,900
  • Bedroom: 4
  • Bathroom: 2
  • Living room: 1
  • Construction: brick
  • Size:1,635 sq ft
  • Tax: $3,810 per year

REMARKS: Brick bungalow that features on main floor living room w/FP,
kitchen, dining area, 2 bedrooms and full bath. Upstairs has loft area,
2 bedroomsandfull bath. Unfinished basement and one car detatched garage.

  • Detroit, Michigan
  • Price: $18,000
  • Bedroom: 3
  • Bathroom: 1
  • Living room: 1
  • Construction: brick
  • Size: 1,370 sq ft
  • Tax: $2,202 per year

Remarks: Nice 3 bedroom colonial, 2 car detached garage, fenced in yard,
living room fireplace and finished basement.