USA Mortgages

International Buyers Guide for property in USA

USA - Statistics, Statistics & More Statistics - But it's all good news

The news coming from the US housing market is good. November 2009 figures show that number of housing starts at 529,000 which is lower than what the 600,000, Economists had forecast. Is that good or bad? I believe it is good. Why build more when the country has seen a housing boom with too many houses built, too many now being repossessed and too many homeowners caught in negative equity. On the other hand, if no are houses are built, interest rates will be left where they are: at zero, the dollar allowed to fall and tax breaks are maintained in order to encourage people to buy houses.

The statistics coming from the National Association of Realtors show that sales of previously-owned US homes surged in September to the highest level in more than two years. The rise was 9.4% to an annual rate of 5.57 million in September up from 5.09 million in August .

The average sale price dropped 8.5% from a year ago to $174,900, the smallest annual drop in 13 months. This, too I consider to be good news as it is more evidence of a US housing recovery

Outline of main mortgage conditions:

*subject to valuation or purchase price, whichever in the lesser.

Important: In view of current financial climate  the above terms and conditions may be changed at very short notice. Applicants are requested to enquire of prevailing conditions at the time.