Foreign Buyers are Interested in Buying American Real Estate - 12/26/07 05:30 PM
New York City has long been a market for the foreign real estate investor. I've noticed throughout the years a lot of properties in Manhattan are owned by private foreign investors. Through the long term networking I hear there are quite a few properties being bought in areas such as Miami, South Beach Florida, Las Vegas Nevada, Scottsdale Arizona and San Francisco also.

 
Due to the severe dollar decline against the foreign currency exchange such as the euro and pound along with this year's catastrophic sub prime market crisis American property has become very attractive to the foreign buyers market.
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Why are Condos still being developed in my Area if the Market is so bad? - 12/02/07 12:27 PM
Luke Constantino| December 2, 2007
 
There has been a huge downswing in our market (as if no one noticed). For the average home buyer to get a legitimate, conservative 30 year mortgage a majority of them have to put more than the regular 10% down to have it with a respectable mortgage institution or bank. The fed has even tried to step in and fix the problem by lowering the mortgage rate but this showed to be a band aid on a lot bigger problem.  Where is our market heading and how long will it take to get there.
 
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