Today my Google Alerts popped up with a story from DowJones' MarketWatch.
Euro at high vs. dollar amid subprime worries
This is great news for Foreign National Buyers in the US.
"The euro was up 0.7% at $1.3717. The dollar was down 0.9% against the yen at 122.12 yen. The British pound was up 0.5% at $2.0255."
As the US Dollar continues on its weakening trend, Foreign Investors and Foreign Nationals looking to buy investment and/or vacation homes in Florida will continue to benefit from:
- Low Interest Rates
- High Inventory
- Low Property Prices
- Cancelled Contracts on New Construction
Foreign Nationals will also be able to experience some Return on Equity - something that does not exist for US Property Owners.
While the Florida Real Estate market remains at its current state of high inventory and low prices, bargains do exist for Foreign National Buyers who are ready and able to make their purchases in the midst of this down market.
For more analysis and information on this topic, please click on this link to my off-site blog
Read more about Foreign National Mortgage Planning in my previous posts:
- Florida Mortgage | Foreign National Homebuyers: How to get your Loan Started!
- Florida Mortgage | Foreign National Homebuyers: Europe has come calling!
- Florida Mortgage | Foreign National Homebuyers: Seasoning Funds in US Banks
More Florida Mortgage and Real Estate News You Can Use From
David A. Podgursky, MBA
The Mortgage Go To Guy!!
Your Source for Residential, Commercial, Investment and Relocation Mortgages in Florida
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