Is the USA property market finally on the move?

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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.

The November results provide a further positive indicator that the US housing market, and for that matter, the US economy, is emerging from a long down turn. [Read more...]

What’s all the fuss about US debt & why does it matter to me as a property investor?

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There’s been lot’s of fuss about the US fiscal cliff and the size of the US debt, but what is it all about and what does it mean for you and me as Australian property investors?

What actually is the US debt? [Read more...]

Is the USA housing market finally ready to recover?

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We’ve heard it before – the US property market is about to turn around.

Maybe it is and maybe it isn’t but Warren Buffett believes it’s about to turn.

What does Buffett see that no one else does? This video from the Wall Street Journal gives you some insights. [Read more...]

Look what’s happening to America’s middle class

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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...]

100 Mind-Blowing Facts About the US Economy

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In a recent great article Motley Fool columnist Morgan Housel listed 100 fascinating facts about the US economy. [Read more...]

11 ugly facts about the U.S. economy

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It surprises me that some people are still suggesting Australians should invest in US real estate.

The US economy is still grim as outlined in the Financial Post by Gluskin-Sheff chief economist David Rosenberg. [Read more...]

American land lures Aussie investors. But is it a safe bet?

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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...]

Do you really understand the size of the US debt?

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 to keep fall through 2012

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...]

It will take more than 50 years to sell all of New York’s foreclosed homes

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...]