Foreigners Are Buying US Real Estate at a Staggering Rate

Foreign homebuyers are widely discussed these days — particularly in the New York-based media where the specter of Russians scooping up Park Avenue real estate looms large. A new report from the National Association of Realtors confirms that there’s been a surge in international real estate purchases, but also undermines many of the common claims made about the buyers.

First, the surge. In the period from April 2013 to March 2014, foreigners bought $92.2 billion worth of American real estate — up 35 percent from the previous year.

via Foreigners are buying US real estate at a staggering rate — and it’s rising fast – Vox.

BIZCATALYST 360°
BIZCATALYST 360°https://www.bizcatalyst360.com/about/
We are an Award-Winning life, culture, and biz new media digest, serving as the global hub for enhanced performance and well-being. With an emphasis on action, our 600+ international contributors empower people to transition from knowing what to do to actually doing it, all complemented by syndication relationships with a choice group of equally innovative media outlets. Today and every day, we simply deliver the very best insights, intelligence, and inspiration available anywhere, doing it our way by placing our writers and our audience at the forefront. It's magical. It's evergreen. And quite frankly, It's just good stuff. Period. We are closely aligned with GoodWorks 360°, our affiliated global nonprofit social impact enterprise, dedicated to providing mission-critical pro bono services to good nonprofits worldwide.

★ PLEASE LOGIN BEFORE COMMENTING | CLICK HERE FOR HELP & GUIDELINES ★

🔴 DON'T MISS OUR LATEST & GREATEST | CLICK HERE TO HAVE @BC360° TODAY DELIVERED 🔴

READY TO REDISCOVER HUMANITY?

Must Read

- Advertisment -