twilight
21st Jun '08 Sat, 12:56
http://www.rodthomasblog.com/property%20usa.jpg (http://www.property-investment-profits.co.uk/index1.php)
Question: when is the best time to buy property?
Answer: When everyone is panicking and selling at lower than average prices.
For small property developers in the US this is a great time to buy property as you may be able to buy at great prices.
The S&P/Case-Shiller® U.S. National Index Home Price Index has fallen another 3.2% in the 3rd quarter of 2007 and average prices of new homes have now fallen by 9.7 per cent to $238,000.
This is good news for small property developers who are not afraid of going against the crowd and therefore pick up some bargains.
We seen this kind of thing in America in 1991 when house prices crashed only to recover 6 months later. I am not saying this is the same kind of scenario but it certainly is a buyers market if you the guts.
The one good indicator that now is a good time to buy and that a recovery could be on it’s way soon is that house prices have not fallen across America. A lot of people have overlooked this fact, perhaps listening to the ‘Armageddon’ speak of the press. House prices in states such as Washington and Oregon are still rising. So, the so called ‘Crash’ is not uniform. However the cost of resale homes in some parts of Orlando means you can now pick up a 4 bedroomed house with pool for £120,000, which is 30% down on June 2006 prices.
Coupled with the great rate on the dollar, America is now a distinct possibility for buy to let investors and small property developers.
source (http://www.rodthomasblog.com/2007/12/10/time-to-buy-property-in-america/)
Question: when is the best time to buy property?
Answer: When everyone is panicking and selling at lower than average prices.
For small property developers in the US this is a great time to buy property as you may be able to buy at great prices.
The S&P/Case-Shiller® U.S. National Index Home Price Index has fallen another 3.2% in the 3rd quarter of 2007 and average prices of new homes have now fallen by 9.7 per cent to $238,000.
This is good news for small property developers who are not afraid of going against the crowd and therefore pick up some bargains.
We seen this kind of thing in America in 1991 when house prices crashed only to recover 6 months later. I am not saying this is the same kind of scenario but it certainly is a buyers market if you the guts.
The one good indicator that now is a good time to buy and that a recovery could be on it’s way soon is that house prices have not fallen across America. A lot of people have overlooked this fact, perhaps listening to the ‘Armageddon’ speak of the press. House prices in states such as Washington and Oregon are still rising. So, the so called ‘Crash’ is not uniform. However the cost of resale homes in some parts of Orlando means you can now pick up a 4 bedroomed house with pool for £120,000, which is 30% down on June 2006 prices.
Coupled with the great rate on the dollar, America is now a distinct possibility for buy to let investors and small property developers.
source (http://www.rodthomasblog.com/2007/12/10/time-to-buy-property-in-america/)