Could Property Related Stocks Falling in China Benefit the USA?

By
Real Estate Broker/Owner with Realty One Group BRE 01230211 & 01919354

 

Could Property Related Stocks Falling in China Benefit the USA?

 

 The reason property related stocks fell on Monday in China is due to the Chinese government announcing measures that are designed to cool down the hot housing market in some cities in that country.

 

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Due to steep rises in property prices, higher down payments are now required. Mortgage rates on second homes also increased. On top of all that, there is now a 20% capital gains tax on existing home sales. Could this benefit our market however as more cash buyers may be looking else where to invest real estate money? We are already seeing many cash buyers coming from this area of the world as there is a great opportunity right now awaiting investors to take advantage of the present rebound in real estate prices in the USA.

 

 

 

Could Property Related Stocks Falling in China Benefit the USA?

 

 

Posted by

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Comments (4)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Sarah and Les -- we are continuing to see this have an impact in our market.   

Mar 03, 2013 04:46 PM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Sarah and Les, thank you for the update that China's property stocks are falling as of Monday. 

Mar 03, 2013 04:50 PM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Michael - looks like more cash buyers heading your way....

Mar 03, 2013 05:12 PM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Pamela - it should be interesting to see how our market will react today.

Mar 03, 2013 05:13 PM