US property rises in value whilst Detroit property shows slight decline

Posted on September 25, 2012 · Posted in Chris Mansfield - Blog

The US house market is showing interesting signs which indicate a fair improvement overall.

US property

Image by ifmuth via Flickr

According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, the typical home price in July rose 1.6% compared to the previous month.

It marked the third straight month that prices in all 20 major markets followed by the index improved, and it would have been the fourth straight month of improvement across the full spectrum if not for a slight decline in Detroit in April. More reading at money.cnn.com

With the goverment backed schemes supporting Detroit, the slight decline is nothing to worry about. If anything it suggests that now would still be a good time to purchase Detroit property for sale as it is still very low in price. In fact, it’s the low capital value which leads to the incredibly high yields which are achieveable in Detroit right now.

Detroit properties remain the epicenter of US property investment for more sophisticated investors who are looking to achieve greater growth and yield for their investment.

S&P/Case-Shiller

US property for sale
Property Detroit