With such grand economy and huge amount of immigration, the real estate in USA has always been at the boom side when it comes to the high demand to accommodate the immigrants. The total population of USA is 310,034,000 in which 11.2 million are the illegal immigrants. In 2009, 1.1 illegal immigrants were given a legal status: residence. So this trend shows that the international real estate for sale in USA has been high due to the large amount of diverse population immigrating.
The large number of immigrants might face serious problems now for two reasons. One is the BP oil spill and the other is the new Arizona immigration bill. The BP spill along the Gulf of Mexico has affected a great deal of the market in the USA. The major damage has been caused in Florida where there was a sustained international exposure for USA. But now people are reconsidering their options whether they should invest in Florida or not due to BP oil spill. As the potential visitors have been put off, the holiday home sector has been hit hard.
While the in the USA was beginning to recover slowly, it again went into the slump due to oil slick. The construction is zero. The luxury home builders are predicting the downfall of the economy and the real estate in the USA, as the sales declined overall. The sale activity for the USA’s largest luxury home builders has fallen down to 20%. To understand the importance of USA for sale or USA rentals, one needs to understand international exchange. USA listings can help you understand it all.
On top of it, the in USA is suffering the imbalance between the income and rents. Even after the downfall of the USA’s market, the rates of the property are 30 times the annual rent which is way higher than the international rentals. If you are interested in buying the in the USA, then you must know that the interest rates are terribly low as compared to international listings.
So the best way to buy property in this scenario is to wait for higher interest rates. Then you can use the cash to buy a low priced home when the other people won’t be able to buy due to higher interest rates. This will give you a capital appreciation when the interest rate will decline in future.
In the case of the USA, the investors need to wait for the time when the interest rates will increase because buying in low interest rate would never give the desired results and will cause loss.
Immobilienmakler Heidelberg Makler HeidelbergSource by Taylor White