Shortage of new houses, a strong economy and low interest rates is adding up to stifled demand at the affordable end of US property. That’s the opinion of America’s top property analysts.
The housing authorities in California definitely don’t like Mark Zuckerberg’s plan to knock five multimillion dollar properties into a super compound for his many friends. Think there’s nothing that money can’t buy? So did Mark Zuckerberg, until his local authority refused his recent home expansion plans.
West is best for US property owners, as both prices and rental rates shot up from Oregon to San Jose. Overall the country has now seen 48 months of continuous property price rises. Still below the 2007 level, however, there could be plenty more growing to go Today the USA Property Guide runs through some of the latest news and headlines making waves in the US property market.
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