How is dollar devaluation impacting real estate?

With the dollar down and home prices falling, U.S. residential property is attractive to overseas buyers.  The International Herald Tribune said that there’s been 4%  increase in overseas buyers  purchasing homes in the Unites States over the past 2 quarters.

So where are they buying?   Their survey claims…

  • 26% of overseas buyers purchased a home in Florida.
  • 16% bought in California.
  • 10% bought in Texas, with the Gulf Coast being popular.
  • 6% purchased in Arizona.
  • 4% bought in New York.
  • 3% snagged a home in Colorado.

Of those buyers, 33% were from Europe, 24% hailed from Asia and 16% came from Latin America!

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1 Comment »

  1. kurt sandhoff said

    what are the data you site. what sources, verifiable, concurrent info. ie county records??

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