According to an article by Reuters on April 30, US home prices rose in February at their fastest rate in almost seven years, a fresh sign the US housing market is recovering. You can read the full article here.
Reuters’ article quoted the recent S&P/Case Shiller index of 20 metropolitan areas which was released last Tuesday. It showed that single-family home prices have risen by 9.3 percent in February from a year earlier.
According to the article, that data reinforces the view that rising home prices could make Americans feel better about spending this year. Nevertheless, there is still uncertainty over the US labour market which is still showing signs of weakness, potentially delaying the housing recovery’s strength.
When looking at the unbelievable housing collapse that fuelled the 2007-09 recession, it continues to look obvious that US housing has turned a corner. At UCG, we believe that this makes it an opportune time for investors to buy.
We, at UGC first wrote about the attractiveness of investing in the US property market back in September 2012, just as the US housing recovery was in its infancy.
Here’s what we have written to date….
If you would like to take advantage of this rare opportunity, I encourage you to speak with one of our financial strategists today for a No Cost, No Obligation consultation on 03 8657 7640 or email [email protected]. We would be more than happy to review your current arrangements and give you the advice you need for a more secure financial future.
The information contained in this report is General in nature and has been prepared without taking into account your objectives, financial situation and needs.