Investors taking advantage of cheap foreclosed properties in the US

Investors are being tempted back to the US housing market to take advantage of the increasing number of bargains to be found in foreclosed property, it has been suggested.

Writing for the Guardian, Andrew Clark states that the latest monthly index, published by Clear Capital, represents a more positive future ahead for the American market.

The statistics show that a five per cent year-on-year rise has been demonstrated for property prices in the country, with top performing cities identified as Houston, Detroit and San Jose.

Alex Villacorta, senior statistician at Clear Capital, commented: "Although many markets have seen a slow down in price gains, I'm encouraged that prices have remained positive through the first two months of the year."

Meanwhile, for those individuals looking to take advantage of the booming US tourism market research by online real estate broker ZipRealy revealed over 40 per cent of homes in Miami, Fort Lauderdale and Palm Beach were offering price reductions during February.

Like this? Then share with your friends and colleagues!