CoreLogic (RP Data’s parent company) released their November House Price Index (HPI) this week, providing an up-to-date assessment of housing market conditions in the United States. The CoreLogic HPI provides the most authoritative assessment of how house prices are changing across the United States.
I know investing in USA property has been popular recently. Of course just because some people think it’s a good idea doesn’t mean it is – does it?
If you’ve been following my blogs about investing in the USA you’ll know I think it’s a bad idea – pure speculation.
Anyway…I found this great blog by Morgan Housel on Motley Fool insightful as he shares 4 shocking things happening to the American middle class.
This is what he writes… [Read more...]
In a recent great article Motley Fool columnist Morgan Housel listed 100 fascinating facts about the US economy. [Read more...]
Since Australian housing started on its natural downward trajectory, as occurs when we enter the slower phase of the property cycle, industry spruikers have come out of the woodwork in their droves to pray on the fears of novice investors.
There have been countless schemes and strategies bandied about as the next big thing, but perhaps the most common tune being sung is that of American housing as a veritable goldmine of opportunity for Aussie investors.
The latest to throw his weight behind US property is Melbourne real estate veteran Michael Drapac. [Read more...]
Money Magazine’s Ross Greenwood gives an intersting insight into the size of the USA debt. He explains it this way…
Think of a pile of US one-dollar bills. Raise your stack of greenbacks to the moon (384,000 kilometers) and bring them back to earth again. Send your pile back to the moon. Now bring it back to earth again. That’s US government debt. [Read more...]
U.S. home prices will continue to decline right through 2012 and possibly in 2013 as negative equity and weak job growth hinder a real estate recovery, according to a survey by Zillow Inc.
The real estate data provider surveyed more than 100 economists, property experts and investment and market strategists. [Read more...]
You’re probably sick of me going on about avoiding US property but I still get messages in my inbox from people trying to encourage me and you to buy properties in the US.
I’ve written numerous blogs on the topic including 50 amazing numbers about the US economy you’ll find interesting but an article in Property Observer caught my attention when it revealed new statistics that show that it will take more than 50 years to sell all the foreclosed and delinquent homes in the states of New York and New Jersey at the current rate of foreclosure sales. [Read more...]