As analytics say, the number of closed deals on real estate selling in United States has grown dramatically over the second half of the year, and it is now a record for the past three years. Some believe that this is the sign that shows the market has completely recovered – the number of houses sold is over 5 million. Economists proclaimed that the current recovery of the real estate market finally embarked on a solid foundation, and this also resulted in the increase of the price for householding, which amounted about $213.500 (that is about 13.7% more than in July of 2012).
Good news is that the real estate market of US allows experts to predict some improvement in the general economic situation. The real estate market in the developed countries has traditionally been considered a leading indicator of the economic situation in the country. It reflects the appetites of households to long-term investments and signals the availability of funds that can be used by the economy.
One of the reasons for such increased interest in the secondary real estate marketing is obvious – here we are talking about increase of the rates for mortgage that is significant today in America. Many buyers choose to purchase real estate now, suggesting that the uptrend may continue betting. In May, the U.S. rate on the mortgage for 30 years increased by 1%, and in autumn rates also rose slightly – to 4.68 % per year. It is worth noting that the driver of growth, in particular, appears to be fairly loose monetary policy of the American regulator and a program aimed at repurchasing troubled obligations, which includes the purchase of MBS (mortgage-backed security) on the $ 40 billion, which keeps the mortgage rate at a relatively low and comfortable level for the population. The research done on the basis of USA Localmart.com affirmed that people are more interested in purchasing property.
On the other hand, real estate market in Japan tends to be bending towards the rise of popularity of guest houses and co-renting of the property, and there are several reasons for such tendencies to exist.
As long as Japan and United States of America work closely, it is not a surprise that Japan tries her best to keep American investors interested in the real estate and financial market, and, in terms of program aimed at stimulating the economy, proposed by prime minister of the country, Shinz? Abe, the yen rate is kept at low level, so that there is no dramatic difference between US dollar and yen. This results in profitable environment for investments (about a half of all property in megalopolises is already bought by international investors), but for common people purchasing the property turns to be way too expensive.
According to the Japanese specialists in land and housing, the average prices for condominiums in the central part of Tokyo has soared by 12.2% for the last year, and this fact reflects perfectly the dynamics of the housing market. This way, the demand of rental property, guest houses and subtenancy. This trend was also confirmed by the statistics collected during the survey period in the Localmart system and its regional section in Japan – localmart.jp. Japanese users in the third quarter of 2013 were more interested in the opportunity of renting a room or apartments, timeshare and sub-leasing, and not buying a home.
About The Localmart:
The Localmart bulletin board service was first introduced in 2012, and now it is successfully working in 16 countries, including USA, Great Britain, Canada, Australia, and lots of others. Today Localmart is actively developing and oriented in winning the confidence of Asian market.
Distributed by Kjprnews
Company Name: The Localmart
Contact Person: Helen Rookard
Phone: +1 415 799 9970
City: New York
Country: United States