According to the National Association of Realtors, international buyers purchased more than $68.2 billion in U.S. residential real estate from March 2012 to March 2013, across all 50 states. property sales in the United States to foreign buyers amount to more than 6 percent of total U.S. home sales in value.
While Chinese investors hold the number one spot on U.S. real estate investment, the sudden surge can be credited to a hike in sales volume among Canadian buyers, whose unprecedented growth also.
real estate developers who cannot keep pace with the steady stream of buyers. Seattle is the fastest-growing city in the U.S. Seattle is one of the fastest growing American cities, attracting an.
As an international investor with multiple U.S. properties in his portfolio, Rayat notes that some foreign buyers don’t always make decisions based only on expected returns, but rather they’re "using high-quality real estate as a Swiss bank account" to assure themselves safety and security. As a result,
Family ‘can’t sleep’ after vandals destroyed their home and cars The family on the other side managed to survive, even though they fell from the second floor and their house was destroyed. We consider ourselves lucky, very lucky. I remember it was very quiet.
As Seattle leaders debate whether to tax overseas buyers or vacant homes to cool a hot housing market. house in Greater Vancouver now costs $1.3 million U.S. Jill Oudil, president of the Real.
During a recent interview with CNBC, the President of Lennar International, Chris Marlin said foreign buyers are looking to the U.S. residential real estate market for long-term, stable investments.
As a result, more foreign buyers are financing residential real estate. However, non-U.S. citizens must consider a number of factors when applying for a mortgage as well as distinct disadvantages.
We don’t need to have our own families to do this,'” said Ms. D’Urso, who is now 50 and the real estate manager. More.
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Foreign Buyers Increasingly Interested in U.S.-Based Real Estate As Chinese spending has decreased, buyers from other countries have come in to fill that gap By Anne Machalinski
The Chinese are the biggest foreign buyers of U.S. real estate; they account for 31 percent of international real estate sales in Texas last year. That’s second only to latin american buyers. The Chinese are showing no signs of slowing down. Diana Olick is a chief real estate correspondent for CNBC.