Investor Information – US Property

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04
May
2014

Recent data out of the US shows that the number of homes seriously "underwater" has reached its lowest level in 2 years – and I guess we'd kind of expect that as the US economy starts to pick up again.

So, what do we mean by a property that's underwater, I hear you ask? Well, first of all, it's got nothing to do with rising sea levels and global warming, so take a chill pill on that!

Being underwater means that the debt on a house is more than the value of the house (i.e. negative equity), and when it's "serious" means it more than 25%. Apparently there are over 9 million homes in the US that are still seriously underwater, and fewer distressed properties overall.

However, still 45% of properties in foreclosure are seriously underwater, so there are still some great buying opportunities in the States for investors who are looking for an international property portfolio.

At The Investor Hub, we are connected with real estate professsionals in the US that seek out great buying opportunities, so get in touch if you want to start a conversation around that.

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