Foreign Buyers Love U.S. Real Estate
It’s interesting that foreign homebuyers see U.S. real estate as a safe haven during our current challenging national housing market.
It seems that foreign homebuyers see homeownership in the U.S. as a good investment as they deal with financial crises abroad.
In other words, they’re happy to see U.S. real estate “on sale” 
Nearly 80% of foreign-born U.S. residents own their own home vs. the 66.3% overall national homeownership rate.
The hottest states for foreign home buyers are California, Florida, and Arizona.
Foreign buyers represented $82 BILLION of the U.S. real estate market in 2010 vs. $66 BILLION in 2009.
Source: MSNBC.com article
January 16th, 2012 Posted in Inside Real Estate
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