The government may turn to foreign buyers to shore up the weak housing market. - 10/21/11 12:14 PM
Proposed Bill Seeks To Entice Foreigners To Buy U.S. Homes With Visa Offer
A bill co-authored by Senators Charles Schumer (D-N.Y.) and Mike Lee (R-Utah) aims to use the appeal of U.S. residence visas to entice foreigners to buy American homes, according to The Wall Street Journal. If passed, the bill would offer a U.S. residence visa to any foreigner who makes a cash investment of at least $500,000 in U.S. residential real estate.
"This is a way to create more demand without costing the federal government a nickel," Schumer told the WSJ.
Foreign demand for American homes has been growing … (1 comments)

 
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Susan McLaughlin - Monmouth County Real Estate

Red Bank, NJ

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Keller Williams Realty - East Monmouth

Address: 750 Broad Street, Shrewsbury, NJ, 07702

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Covering real estate news in Red Bank and the surrounding Jersey Shore towns of Fair Haven, Rumson, Little Silver, Shrewsbury, Holmdel, Middletown, Colts Neck, Navesink, Sea Bright, Monmouth Beach, Tinton Falls.


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