Half of the objects on the U.S. housing market are «debt» at home

27.04.2011 00:03
Articles about real estate | Half of the objects on the U.S. housing market are «debt» at home The share of seized for debt, mortgage housing in March had 48.6% of all transactions in the U.S. real estate market. According to the American Realtors, the situation in the industry causes confusion among both first home buyers, and among investors.

A study among three thousand dollars of real estate agents, showed that demand from first home buyers since early 2011 gradually reduced, and investor interest remains at the same level, transfers Prian.ru citing United Press International.

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Many respondents noted that due to the high proportion of debt of houses is very difficult to really assess the situation in the industry. When the market is so much confiscated property, the appraiser can not find a relevant proposal to the housing-debt and to determine its market value.

"The market volume continued to decline, because of what the ordinary houses are sold much cheaper than its real value. Evaluators continue to use the withdrawn property to determine the market value of conventional buildings. Moreover, the same evaluators do not make any amendments to a variety of additional amenities, such as, SPA and swimming pool. In view of such practices, even if the market will rise, we still can not see for a long time "- says one realtor.

Content tags: Overseas property
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