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International Buyers More Involved in U.S. Homes & Real Estate

By
Real Estate Agent with HomeSmart, Evergreen Realty

International buyers 

U.S. Housing markets are looking good for international buyers these days.

International homebuyers are usually described as those with permanent residences outside the U.S., recent immigrants and/or those with temporary visas.

Such international buyers purchased $66 billion of U.S. residential property (7% of the housing market) during the year ending March 2010 (according to the National Association of REALTORs®.

Attractiveness of U.S. real estate is because of recent price declines, good supply of housing, high foreclosure rates, and weak U.S. dollar in comparison with other currencies.  So the U.S. housing markets have looked good for international buyers. advantages for buyers

The Euro is about 25% stronger than the U.S. dollar, and value of the Canadian dollar is about equal to that of the the U.S. dollar.  Canadians show that this is the best time in decades for them to buy a home in the U.S. and are largest group of international buyers of homes here.

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If you want to see buyer opportunities for homes and real estate at Orange County, California, or at Newport Beach, and at Irvine, or at Laguna Beach, and at Corona del Mar, or at Newport Coast, or at Costa Mesa, please contact us.  Thanks.

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Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855

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We list and sell homes and properties at Orange County, California. 

Posted by

 

Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

We are seeing more international buyers in our local market. Great time to purchase

Dec 29, 2010 05:42 AM
Joshua Harley
Fathom Realty - Plano, TX
CEO, Tech Geek, Innovator, Disruptor, US Marine

Yes - I would think Canadians would enjoy a vacation home in the Sunny California weather!  Now is the time for them to get a deal - because housing should be at the bottom.

Dec 29, 2010 06:47 AM
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Harry ... Thanks for the comment, and it looks like big international buyer activity going on in Arizona these days.

Dec 29, 2010 06:50 AM
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Joshua ... I am unsure about whether housing is now at the bottom, and markets are primarily local.  We have local markets here in Orange County and Southern CA that are way down and have excellent buyer opportunities.

Dec 29, 2010 06:52 AM