Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Rainer
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Ken Jones
SellerNet - Toms River, NJ
Exclusive Seller's Agent

Annette Lawrence , Palm Harbor, FL 727-420-4041 In New Jersey, the majority of foreigners are here illegally.

Consequently, because of their illegal status and the fact that they can't prove their income (because those who work, do so in exchange for cash and don't have bank accounts), they don't typically buy real estate here.

As for owning a home outright, many who buy in our 55+ adult communities buy all cash which they obtain from the sale of their home.

However, the sale of 55+ homes in New Jersey is suffering due to larger and larger numbers of potential buyers moving to other states.

Jul 18, 2019 05:41 AM
Ambassador
3,988,893
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

No but, I do hope that the media reads this and sees that they are playing a big part in turning other nations against our great nation. They are doing so to the point of our economic detriment, pushing international buyers away.

Jul 18, 2019 05:13 AM
Rainmaker
3,280,821
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I do not see many foreign buyers here in NH. My cash buyers have not slowed but increased. I find many news articles in real estate to not really apply to the real world.

Jul 18, 2019 05:11 AM
Rainmaker
1,808,580
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

#2 might effect my Notary business as the bulk of my work is remote closings and re-fi's Annette Lawrence , Palm Harbor, FL 727-420-4041 

Jul 18, 2019 06:02 AM
Rainmaker
3,779,034
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

In Charlotte, I rarely deal with foreign buyers. 

Don't know why Americans owning their homes free and clear would impact my business... I've seen that number for several years now. What's new about it that would impact my business? In recent years, I've only had one seller who had no mortgage. And when we sold her property and she purchased a new one she did get a mortgage, albeit a small one.

Jul 18, 2019 05:38 AM
Rainmaker
1,728,304
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Our market doesn't get foreign buyers so nothing will change with #1.

Re: #2. Very few people here own their own homes free and clear. I suspect if they did, they may be more interested in selling/buying something else, buying investment properties, or the like. So maybe I'd consider focusing some attention on them.

But for me it will be #3.

And I'm not feeling brilliant today so no #4.

Jul 18, 2019 05:36 AM
Rainmaker
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Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

As you have said it will be business as usual!

Jul 18, 2019 05:16 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Jul 18, 2019 05:48 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

As far as I can tell without my crystal ball #3. 

I do not see any evidence of a decrease in foreign buyers. 

Jul 18, 2019 09:30 AM
Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The simple answer is No & #3

Jul 18, 2019 09:13 AM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It is true the Chinese are not coming to the US west coast since  2018 for different reasons. Homes in Seattle, Palo Alto etc are not moving.  No cash buyers. The reason they often pay in cash is they do not have established credit to get a mortgage.

Jul 18, 2019 08:31 AM
Rainmaker
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Peter Mohylsky. Broker Associate
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

no, not at all.  

Jul 18, 2019 08:15 AM
Rainmaker
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Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

My biz plan is not changed by news stories especially on the national level - changes are made based on my production results.

Jul 18, 2019 07:51 AM
Rainmaker
708,811
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Nope. Biz as usual.

Jul 18, 2019 07:01 AM
Rainmaker
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No.

Jul 18, 2019 06:49 AM
Rainmaker
797,912
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Business as usual.

Jul 18, 2019 06:39 AM
Rainer
222,865
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

#3

 

Jul 18, 2019 06:16 AM
Rainmaker
1,078,787
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Neither will have an effect on our market to any measurable degree. I've got my own numbers to disseminate.

Jul 18, 2019 06:13 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's without a doubt #3 for me....

Jul 18, 2019 05:48 AM
Rainmaker
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Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Thanks for the news Annette Lawrence , Palm Harbor, FL 727-420-4041 

I am just happy to be one of the 2's.

Jul 18, 2019 09:15 AM
Rainmaker
1,346,603
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have yet to have a foreign buyer for any of my listings (despite the tour bus getting out once at one of my open houses... no joke), so them being up or down is of no consequence to me.

Debt free homes... just about every tool out there touts those as being a likely group to move.  In my experience, most of them are very happy to stay put.  They may buy a vacation house out of state (or out of the country), but they aren't moving.  It won't impact my targetting any.

Jul 18, 2019 08:01 AM
Rainmaker
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

What is wrong to have debs free homes? 

A lot of our buyers - from USA buy property without mortgage these days. 

And most of them +- 60 years old.

Jul 19, 2019 02:26 PM
Rainmaker
1,592,310
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

For sure, we have less showings in July.

Jul 19, 2019 07:13 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Have you seen many of those WV free and clear homes?shack

Jul 18, 2019 01:41 PM
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

1.  No, there was a huge foreign influx for a couple years, but with slowing appreciation and overseas laws making investing here more difficult, that trend is over for now.

Jul 18, 2019 09:57 AM
Ambassador
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Foreign buyers may be down somewhat but on the flip side, foreign sellers may  be up depending on their home country.  It all has to do with motivation and currency exchange rates. 

Jul 18, 2019 09:43 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

What I am doing is attracting business.

Aug 02, 2019 01:26 PM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Do not see much forign investor right now.

 

Jul 21, 2019 10:05 AM
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

My brilliant observation is "business as usual" and not swayed by every new wind that blows.

Jul 20, 2019 04:12 PM
Rainmaker
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Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Neither of these #'s will compel any changes in my business expenditures. 

Jul 19, 2019 06:45 AM
Rainmaker
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Peter den Boer
Atlanta Communities - Woodstock, GA
MBA,GRI, Associate Broker, Realtor

Nope, no change whatsoever for me. Business as usual.

Jul 19, 2019 04:44 AM
Rainmaker
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Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Possibly #1 as we have our share of foreign buyers.

Jul 19, 2019 04:41 AM
Rainmaker
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Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

5. Like #3, neither do Business as usualbut not due to not focusing on these segments but already have these covered in my marketing.

Jul 18, 2019 03:54 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Neither one would change my approach if I were still active

Jul 18, 2019 02:59 PM
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I have to go with door#3

Jul 18, 2019 02:22 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

We take all stats with a grain of salt, sometimes you need a bucket of salt. A

Jul 18, 2019 02:12 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No, business as usual I think. I did see a note that San Diego has the 6th highest average mortgage debt of major metropolitan areas. No surprise.

Jul 18, 2019 12:09 PM
Rainmaker
505,943
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We deal with cash buyers all the time  - happy to have them. Foreign buyers are not common in our market.

Jul 18, 2019 11:38 AM