The U.S. is traditionally one of the most popular countries for foreigners to buy real estate, who can find a decent home for every purse here.
All experts agree that the dynamic U.S. real estate market is always interesting. For a competent investment, it is very important to know the basic trends and sentiments of this vast and diverse sector.
Today, foreigners find U.S. real estate deals more attractive than ever.
They are continued by the potential risks, which, however, there are always everywhere. They include uneven market sentiment (depression in Detroit, a peak with a tendency to overheat in California), having to deal with the laws of another state, exchange rate fluctuations, and so forth. And, while local U.S. investors are looking for high returns overseas, representatives from other states are taking advantage of a recovering market to get the best possible deals on U.S. properties.
Steadily increasing inflow of capital into the U.S. markets, and the limited amount of supply is gradually changing the rules of the game, which is encouraging investors to make new investments in liquid real estate in New York, property for sale in сalifornia and Florida - the states, which are loved not only by investors from Russia but also by representatives of China and Central Asia.
The traditional top ten in real estate investment are formed by the largest cities in the country:
New York, Los Angeles, San Francisco, Washington DC, Seattle, Boston, Atlanta, Miami, Austin, and Houston. However, most cities have either exhausted their investment potential, or "admission" to this market is so expensive that not all investors can afford it.
A sharp decrease in the air travel market from Russia to the United States also contributed to a cool-down in interest on the part of Russian buyers in Seattle, Boston, Atlanta, and Washington.
The situation in the real estate market
According to a major U.S. portal, as of the end of January 2021, the average price of real estate in the U.S. was $195,300. The price increase compared to the previous month was 0.6%, and in dynamics over the past year, prices have increased by 7.2%. According to the forecasts of the same portal experts and representatives of the National Association of Realtors (NAR), by January 2018, the average U.S. property values will increase by 3%.