“U.S. Home Prices Jump”—The Globe and Mail

“U.S. Home Prices Jump”—The Globe and Mail

Posted on: October 2, 2012

A new report from today’s Globe and Mail“U.S. Home Prices Jump in August by Most in 6 Years”—shows that American home prices increased by “4.6 per cent in August compared to a year ago,” which is the “largest year-over-year increase in more than six years.”

The Globe observes that “steORLANDO-SKYLINE-AT-NIGHTdy price increases, combined with greater home sales and rising builder confidence, suggest the U.S. housing recovery may be sustainable.”

The American real-estate market remains an extremely good investment opportunity for Canadians looking for a safe capital investment with rental-income potential as “many [American] would-be buyers can’t qualify for stricter lender standards or save enough money for larger down payments that most banks now require,” says The Globe.

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