Investing in real estate in the United States is a significant goal for many U.S. immigrants, especially as the U.S. economy shows strong recovery, the Renminbi continues to depreciate, and U.S. housing prices keep rising. This has further fueled the enthusiasm of Chinese investors heading to the U.S. to invest in real estate. This issue of Worldway's "Overseas Property Investment" column will present insights into U.S. housing prices based on these big data for the reference of many U.S. immigrants:
U.S. housing prices are soaring, with 93% of the national real estate markets experiencing rapid growth, and 19% showing double-digit growth. According to CNN Money, data from the National Association of Realtors indicates that the median price of existing homes nationwide rose to $229,400 in the second quarter of this year, an increase of 8.2% compared to the same period last year.Compared to other regions, the San Jose metropolitan area in California, including Silicon Valley, has the highest housing prices, with a median of $980,000. Additionally, California occupies four of the five most expensive real estate markets in the country.
Industry insiders point out that the main factors driving the increase in housing prices include rising rents and confidence in the economy, but more importantly, there is a lack of inventory. Rising housing prices are certainly good news for sellers and homeowners, but they can hurt buyers' affordability. The National Association of Realtors states that to purchase a home priced at $229,400 with a 20% down payment, a buyer's income must reach $41,427.
It is reported that the most expensive real estate markets in the U.S. and their prices are as follows:
San Jose, California: $980,000
San Francisco, California: $841,600
Anaheim-Santa Ana, California: $685,700
Honolulu, Hawaii: $698,600
San Diego, California: $547,800
Worldway was the first to propose the concept and theme of the "Year of Overseas Investment 2015," which has recently been widely recognized and promoted within the industry. The U.S. economy continues to develop strongly, and the U.S. dollar is rapidly entering an upward channel, making it an optimal time for overseas investment in the U.S. The EB-5 investment immigration program, as the leading form of overseas investment, is highly sought after by Chinese investors.
Worldway's group purchase for U.S. immigration has been extended in sync with the EB-5 investment immigration program until December 11, and has launched two projects that have received I-526 sample approval from the immigration bureau, which are fully employed, backed by strong developers, and have strong repayment capabilities — the DLJ Four Seasons Hotel Resort project and the Columbus 90 Apartment project. We are fully committed to helping investors seize the last opportunity on December 11! For more project details and group purchase information, please call Worldway's 24-hour consultation hotline at 400-138-2929.
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