Figures for new residential properties being built in the US fell in March after a small upturn in February. After February’s positive figures it had hoped that the US property market had started signs of recovery however it appears that this upturn was just a blip with March’s figures falling.

The US Commerce Department has released figures showing new residential properties rose by 22% in February and fell 10.8% in March. Building projects are down 50% on the year so far with many builders putting new building projects on the backburner over fears of a still-falling real estate market. Just 510,000 new starts have been seen this year which is a very slow start to the year.  Read more... (282 words, estimated 1:08 mins reading time)

Wealthy Chinese are increasingly looking to the US to buy their property investments. As their appetite increases, special overseas buying companies have appeared where potential property investors are jetted to the location of their choice and they have a tour of the most favourable properties for sale.

Many of these property tour companies are holding about one tour per month with tours lasting up to 2 weeks in length with up to 40 people per tour.  Read more... (273 words, estimated 1:06 mins reading time)