Property locations with staying power - Telegraph

Property locations with staying power - Telegraph

With billionaire investment magnate Warren Buffett proclaiming that America’s residential housing problems should soon be largely “behind us”, investor confidence in the US market is slowly returning, with real estate experts encouraging foreign buyers – with long-term prospects in mind – to re-enter the market.

Sceptics might cite factors such as competitive interest rates and price resetting as the market slowly absorbs inventory, but there’s more to it than that, says Gerard Pinot of Horizon Realty (www.horizonrealty.org). “Mortgage delinquency in the US hasn’t been uniform,” he says. “House price stability in states like Washington and Oregon, along with parts of Florida, are still on an upward track thanks to income trend and development restrictions.