Tuesday, September 4, 2012

USA new housing price heading upwards

Ottawa real estate remains strong, but big movements in prices are happening South of the Canadian border.

The turnaround in USA housing is seemingly happening as we speak.  Housing prices are still at late 90s to early 2000s levels, but heading in the right direction.  Places like Phoenix, Arizona are experiencing boom market conditions with price increases of over 20% in the past calender year. 

In 82% of markets studied, new house prices rose in July.  Construction is heating up in markets throughout the USA.  Click here to read the entire article

Overall, the USA housing market is up 3.2% from July 2011 to July 2012 (CFRA News). 

For information on USA investment real estate please click here

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