Recently released data shows that property prices in the USA posted an annual increase of 6.3 per cent to the end of November 2015.
According to the latest figures from property and real estate research CoreLogic, cheaper homes are driving the market and reporting the largest increase in value. The lowest priced properties on the market increased in value by 8.2 per cent in the year to the end of November 2015 and by 48.8 per cent from the lowest value recorded in March 2009.
“These homes are the only one out of our four price tiers that have passed their pre-downturn peak values,” said a spokesman for CoreLogic. “The value of these homes is now at the highest ever and 2.3 per cent above the previous peak in April 2006.”
Properties based in Colorado saw the overall biggest jump in prices during this 12-month period, climbing by 10.4 per cent. Prices in Washington were up 10.2 per cent, followed by those in Oregon (9 per cent), Idaho (8.5 per cent) and Florida (7.9 per cent).
Only three states posted average price declines in this period. They were: Mississippi (-3 per cent), Louisiana (-1.6 per cent) and New Mexico (-0.7 per cent).
If you’re planning on moving to the United States in the coming months and, more importantly, looking to buy a home there, then given the rising prices in most areas of the country it is arguably more important than ever to make your money go as far as possible. And this is where making sure you get the best possible exchange rate when changing your Pounds to Dollars is crucial.
While some would-be immigrants view the exchange market as little more than a lottery, and are happy to exchange their money when they have it regardless of the rate they receive, wiser emigrants plan the exchange well in advance by engaging the services of a specialist foreign exchange firm like Halo Financial.
When exchanging large lump sums for emigration purposes, only a small change in the market can have a significant impact on the amount of money you could be potentially starting your new life with.
For example, imagine you sold your UK property last October and decided to exchange, say, £150,000 for US Dollars. If you had waited a while and carried out this exchange last Friday then you would have received just US$219,750. However, had you been advised to exchange quickly, then on 21st October you would have received a far more wallet friendly US$232,200 – a potential gain of more than US$12,000, purely from seeking expert advice.
Halo Financial understands why the exchange rates are moving and just what impact this has on your currency transaction. What’s more, they can also explain how to make your money go further and give you a range options on exactly when you wish to exchange, and how much you should exchange at a time.
To find out how you can make sure you can get the best exchange rate possible, and take advantage of positive fluctuations in the markets, visit www.halofinancial.com