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US property affordability 'at an all-time high'

Date : (News Section: United States)

US property affordability 'at an all-time high'
The affordability of property in the US is at a "historic high", one real estate expert has claimed.

Marc da Silva, editorial director at International Estate Agent Today, stated that average housing values in the country "look cheap", adding that in some regions prices appear to be "on the road to recovery".

This is backed up by figures published at the end of August. According to the Standard & Poors/Case-Shiller home price indices, national values were up by 1.2 per cent in the second quarter of 2012, compared to a year earlier.

Mr da Silva advised potential investors not to worry too much about the exchange rate between the dollar and sterling, but that they should instead calculate the costs and make an informed decision.

He concluded: "If the figures add up then now is probably a relatively good time to buy in the US," and was also upbeat about the prospect of future capital growth within the residential real estate sector in the nation.

Article by +Steve Binge on behalf of

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