Housing situation and real estate market in the USA
The housing situation and real estate market in the USA in 2024 are characterized by instability. Prices have risen sharply due to the pandemic, and high mortgage interest rates and a shortage of supply are making it difficult to buy a home. Nevertheless, there are opportunities for investors as demand remains high and high returns are possible in the long term.
Popular residential areas and cities for emigrants
There are many attractive cities and residential areas for emigrants who want to move to the USA. Metropolitan cities like New York City, Los Angeles and Chicago are known for their diversity and economic opportunities. But smaller cities such as Austin, Texas or Charlotte, North Carolina, offer a high quality of life and a comparatively lower cost of living.
Rental and purchase prices for real estate
The real estate market in the USA is characterized by considerable price fluctuations. Prices are particularly high in large metropolitan areas such as San Francisco and New York City, while more rural areas and smaller towns often offer more affordable options. According to a Harvard study, 50 percent of tenants can now barely afford the high cost of housing. Rents are stagnating at record levels, but show no signs of falling.
For example, many residents have experienced a significant increase in their rental costs after moving within the state of Florida. In some regions, rents are rising faster than wages, leading to financial strain. Low-income families are particularly affected, as rents have risen by around 15 to 18 percent annually since 2019. In some cases, this has even led to homelessness among the middle class.
House hunting and renting
Finding accommodation in the USA can be challenging, especially in popular cities. It is advisable to start your search early and use various platforms. Many tenants also successfully negotiate discounts to stay in their apartments. In some cases, negotiating with the landlord can lead to a reduction in rent, which is beneficial in times of rising housing costs.
However, a historic court ruling could make buying a home more difficult by prohibiting estate agents from charging high commissions. This could deter young first-time buyers in particular and reduce the motivation of estate agents, which could jeopardize the market upturn.
Opportunities and risks for investors
The US real estate market in 2024 offers numerous opportunities, but also considerable risks. Investors should carefully weigh up the risks and be prepared for possible price changes and shifts in demand. Professional risk assessment is essential in order to avoid potential losses.
Long-term prospects
A recovery in the real estate market appears to be on the horizon, supported by lower interest rates and increased buying interest. Nevertheless, the market remains uncertain, particularly with regard to a possible recession and the impact of political decisions such as the 2024 presidential election.
KOCH Umzugslogistik is at your side during your move to the USA and supports you in all matters relating to the housing situation and the real estate market. Contact us for professional advice and customized solutions.
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Our USA relocation service includes the following services:
- Packing
- Disassembling furniture
- Loading
- Transport (e.g. transporting furniture)
- Unloading
- Assembling furniture
- Unpacking
- Kitchen (dis)assembly
- Safe and clean interim storage
- Carpentry, electrical and installation work
You can book one of our all-round carefree packages for a stress-free move or take advantage of individual moving services. In addition to our moving services already mentioned, we offer you special services and additional services for moves of all kinds. Just ask us and together we will quickly find the optimal solution for every moving challenge, no matter how small or large. Send us an inquiry and we will create an individual offer for you. Heinrich Koch Umzugs- und Archivlogistik GmbH also offers additional services, from transport to cleaning.
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Your relaxed move overseas
As a German company with over 120 years of experience, we know the special features that need to be considered when moving and ensure that your move goes quickly and smoothly.
Our moving company provides you with state-of-the-art equipment and high-quality packaging material to protect your valuables and furniture in the best possible way during transportation.
As one of the most successful moving companies in Germany, we offer you a first-class service at competitive prices. We understand that every move is unique and that's why we offer customized solutions tailored to your individual needs. Come and see us, Heinrich Koch Internationale Umzugs- und Archivlogistik GmbH, our movers and our services for for yourself - and you will soon be one of our many satisfied regular customers.
Arrange a visit with one of our customer advisors.
Arrange an appointment with one of our customer advisors. We will be happy to visit you and provide you with a detailed quote for your USA move that fits. If you need advice or have any questions, please contact us in Osnabrück on the following telephone number 0 541 – 121 68 50. We look forward to helping you!
Make an express request now!
Simply fill out our inquiry form and you will receive a non-binding offer for your move. Our competent consultants will visit you on site or plan the move with you by phone.
Your contact for international moves
Christian Braunschweig
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