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USA property prices to fall by further 14%
Country: United States
19 June 2009 USA property prices may fall by an additional 14% nationwide, led by New York and the Orange County, California, metropolitan areas, before the market bottoms out as rising unemployment offsets falling property values, according to Deutsche Bank AG. “Affordability is no longer the driving issue in the housing market, and we believe prices still have a ways to fall in many areas before home prices reach their trough",Deutsche Bank analysts led by Karen Weaver, wrote in a report yesterday. "The bottom is getting closer, but we are not there yet.” Weaver projects that by the time the USA property market bottoms out, average property values will have depreciated by 41.7% from the their peak, which is greater than her previous prediction in March. Deutsche Bank analysts believe that the New York metropolitan area may fall by almost 41% from the first quarter to the bottom, the report said, less than Deutsche Bank's March estimate of 47.4%. Property prices in the New York metropolitan area peaked in the second quarter of 2007 at $552,000 (£335,700) and have since fallen to $446,000 (£271,250), according to the report. Deutsche Bank expect home prices in Orange County, California, to fall by a further 19.1%. Prices in the Los Angeles- Long Beach-Glendale metropolitan area may fall another 11.3% from the first quarter to the bottom. In Riverside-San Bernardino-Ontario, they may fall 14.3%. A recent report from RealtyTrac Inc shows that the greatest foreclosure levels are being recorded in California. US foreclosure filings exceeded 300,000 for the third straight month in May and may hit a record 1.8m in the first half of the year.
See Also: USA
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MORTGAGE OFFERED on this fully let high yield Income producing investment property consisting of 2 FULLY LET 4 BEDROOM DUPLEXES WITH SEPARATE STREET ENTRANCES,full purchase+Management service provided buy this property safely from any part of the
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$20,000 buys this High yield Income investment producing 28% annual return after fixed costs consisting of THREE RENTAL APARTMENTS, unbelievably low price full purchase+Management Service provided buy this property safely from any part of the world
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Price: £12,500
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23% Net return after fixed running costs from this fully let investment consisting of two apartments in area of high rental demand a full purchase & management service provided, buy this property & have it managed from any part of the world Inquire
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Price: £12,500
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$20,000 buys this High yield Income investment producing 35% annual return after fixed costs consisting of THREE RENTAL APARTMENTS at unbelievably low price full purchase+Management Service provided buy this property safely from any part of the
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Price: £13,564
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GUARANTEED INCOME,22% net return instantly. Paid by the US Government via the section 8 program on this registered investment property.
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Price: £15,440
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This Property has long term tenants paying $500 per month.
It is Located in Rochester the Third Largest City in NY.
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Price: £15,502
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Type: House
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11218 Kenmoor Street, Detroit, MI 48205 comprises a 3 bedroom bungalow built in 1941 and recently refurbished to a high standard which has tenants moving in to generate a great genuine net yield of 22.24%.
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Price: £15,502
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Type: House
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3 bedroom bungalow built in 1941 and recently refurbished to a high standard. It has just been refurbished to a high standard and has tenants moving in to generate a great genuine net yield of 22.24%.
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Price: £16,122
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We are pleased to offer a selection of tenanted buy to let homes in Buffalo and Rochester, New York from just $25,000 with genuine net yields of 16% to 23%. Cash buyers should take advantage now.
Thjis property is just one example.
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Price: £16,250
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