News

Rising Home Prices Rescue a Number of American Underwater Home Owners

The rising prices of homes in America are rescuing more number of underwater homeowners from their debts. The rebounding market, low mortgage rates and increasing prices have dragged a number of underwater homeowners to rise above their debt. New home buyers are now able to sell off their old homes at a greater price to fund their mortgage loans, enabling them to cover the loan more effectively.

Foreign Investors Jumping into US Rental Market

As the housing economy of the U.S. is recovering, the rental markets are raking in a larger number of foreign investors. A new trend of foreign investment firms purchasing property in the U.S. and renting them out for a profitable price has kicked off recently. The increasing availability of property and weak dollar rates make the U.S. market safe for the investors.

US Single Family Home Constructions and Permits hit Four-Year High, NAHB report

According to a report released by the National Association of Home Builders (NAHB), construction of single family home rose by 0.8 percent throughout the country in January. The number of permits for the construction of these homes also rose 1.9 percent to hit a record high in the past four years.
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