Friday, May 20, 2011

U.S. Top Spot for Foreign Buyers

Despite tightened credit for many domestic buyers, the United States is still a top spot for foreign purchases. The National Association of Realtors reports that "international purchases surged by $16 billion this year, one of the highest increases in recent years."

Domestic investors are getting in on the action as well. Depreciating prices and distressed properties have been a draw for all-cash purchasers, which now make up about one-third of all sales.

Written by....
Carla Hill, M.A., works on the Realty Times staff as Managing Editor for our online publication.

Thanks Carla for sharing.