ST Alpha - "this is kind of interesting. 8% of all existing homes ($82 billion worth) sold in the us between 3/2010 and 3/2011 were foreign buyers..." (Reading a Post)

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this is kind of interesting. 8% of all existing homes ($82 billion worth) sold in the us between 3/2010 and 3/2011 were foreign buyers...

Posted by x (aka dmuck) Jul 29 '11, 13:32

"Forget about the double-dip in housing prices and the fact that our homes are now worth what they were back in 2002. Or maybe for those reasons exactly, foreign buyers are snatching up U.S. real estate. In fact, they bought nearly 8% of homes sold in the 12 months ending in March 2011, according to the National Association of Realtors. That may not sound like much, but is in fact worth $82 billion of the U.S. real estate market. Why do foreigners buy U.S. properties? How much do they spend? How do they finance those purchases? We�ve collected the answers in the infographic below."

clickety for the big breakdown. h/t the big picture (www.creditsesame.com)

Responses:

a. when there is blood on the streets, buy the street. b. US property has historically been a good investment - zeitgeist Jul 29, 13:42
Interesting. I'm surprised the Florida percentage isn't even higher than it is. - ty97 Jul 29, 13:34 2
- it makes sense.with all the brutatlity to the dollar lately, this stuff must look stone cheap if you're not paying with greenbacks....nm - x Jul 29, 13:39 1
  - True. Cheap Dollar plus depressed housing prices = fire sale -- nm - ty97 Jul 29, 13:44

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this is kind of interesting. 8% of all existing homes ($82 billion worth) sold in the us between 3/2010 and 3/2011 were foreign buyers...

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