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Large geographical areas of the US have avoided the country’s slump and still offer plenty of good deals because their markets did not follow the patterns seen elsewhere in the boom years, it has been stated.
Real estate experts in the country have said that many places did not see prices boom as much as elsewhere and the proportion of sub-prime mortgages was much lower, the Times reports.
Laurie Brants, the head of Brants Realtors in Fort Worth, Texas, told the paper his area has seen ten per cent price rises over the past few years.
The report also noted that upstate New York property has been rising.
Knight Frank’s Global property survey published this week also stated that the US has seen geographical variation in prices, with the state of Oklahoma seeing a 4.9 per cent increase in prices in the past year and signs of an improving market in several major cities.
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