The United States is popularly known as the land of opportunity because it is a great place for real estate investments. One of the big attractions to foreign nationals is the wide range of locales available in the US. If this year you are ready to buy a house then the outlook will be very fruitful. You can also invest in United States properties for rent for a sustained yielding income.
After going through the United States real estate market trends, it is clear that the overall predictions, as well as the outlook for the market of real estate in the United States, are quite positive. This is because of the reason that the economy of the United States is going very strong due to lower taxes along with improved trading agreements. The apartment rents have gone up by 1.3% over the last year and have become leveled off during the summer. According to the United States Real Estate Market overview, the real estate market will stay healthy for some time and buying property for sale in the United States will be a very wise investment.
An increase in the government spending, low and slowly rising rates of interest as well as business repatriation along with return of corporate funds to United States refers to the fact that real estate in the United States is a much healthy and safe market for each and every person who wishes to invest in United States commercial real estate as well as United States residential real estate.
Are foreign buyers still interested to invest in the United States?
The rising prices of United States residential property along with low inventory have caused a decline in the foreign purchases of United States residential property. After the surge that happened in the year 2017, there was a decrease in foreign activity in the market of real estate in the United States in the year 2018. The shortage of inventory has continued to rise up the prices as well as sustained creation of job.
The low rate of interest implies that the foreign buyers are competing with the domestic residents for the same and limited home supply. Moreover, international buyers always look out for more expensive property for sale in the United States. Only a few international buyers are seen to purchase United States residential property with the intent to build up a home. They purchase property for many reasons.
One of them is the primary residence. Whereas Indian buyers used to purchase property for sale in the United States for a primary residence but Canadian buyers used to buy it for their vacation home. If you find a Chinese buyer in search of cheap US property it is mostly for student housing.
Construction of new home
Following the recession, the new home constructions in the United States has surged but it has moderated during the recent months. Due to this many markets are left with a persistent shortage of supply. This is not only true for residential or the United States commercial property for sale, but also for United States properties for rent as the rate of rental vacancy is so very low almost like the way it has been since the early year of 1990.
Prices of home
In markets such as San Francisco and Miami, the slow rate of growth of the latest housing stock has raised the price of the home quickly. But the closely observed the United States Real Estate Market Overview, states that the growth of the home price has slowed down slightly.
Sales of the existing home
The low inventory along with the high prices has made the entire market of United States residential Real Estate as well as the United States commercial real estate slowed down. This market mainly consists of homes that are owned previously. The sales of the existing cheap US property fell down for a continuous four months. But extra inventory will aid to contain the rapid growth of the home price as well as keep the market opened up to prospective buyers of United States commercial property for sale who are seen to be price out increasingly.
Where is the United States real estate market heading?
A slowdown has been seen in the new construction. This along with the short supply of the existing United States property for sale have taken the prices of United States properties for rent and sale so very high that the new buyers are finding it very difficult. The recent United States real estate market trends are forcing the homebuyers to step back because of the high prices of United States property for sale. Have a look at what is happening in the market of real estate in the United States now:
The United States has few areas that will change with the change of seasons and some that will stay above 50 degrees temperature throughout the year. So as varied as these locations are the choices of real estate in the United States.