U.S. real estate market is poised in recovery mode

The U.S. real estate market crash happened only five years ago; however, Select Resorts Properties have just discovered that according to the latest index from CoreLogic, indications show the country is bouncing back with the aim of being stronger than ever.

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The American Property Market is on the road to recovery

The American Property Market is on the road to recovery

U.S. real estate prices are adjusting quickly after the crash, and therefore the market is recovering faster than expected.

Poole, Dorset (PRWEB UK) 15 November 2013

The U.S. real estate market crash in 2008 has been well documented; however, there are now some significantly strong indicators that the market is now exiting the downturn, and entering recovery mode.

According to the latest index from CoreLogic, prices have increased consecutively for 18 months, and are now 12 per cent up year on year, indicating they are recovering well from the lows of 2008 and now close to their pre-peak levels.

U.S. real estate prices are adjusting quickly after the crash, and therefore the market is recovering faster than expected according to the CoreLogic index, with home sales and property prices seeing double digit annual growth.

Mark Fleming, chief economist for CoreLogic said;

‘September marked the unofficial five-year anniversary of the start of the housing crisis. The five-year home price appreciation for all homes in the nation was 3.4 per cent. While there is still room for improvement, the CoreLogic HPI is at the highest level since May 2008.’

As confidence continues to grow, statistics indicate the property market is poised at the start of another cycle, therefore making now an optimum time to invest in U.S. real estate.

Select Resorts Properties offer a number of fantastic U.S. real estate options for international investors. Contact them today to discuss your needs with our investment experts - +44(0)1202 765011.


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