Archive for the 'Florida Listings' Category
FOREIGNERS COME TO AMERICA TO BUY HOMES !
Related Posts: Credit & Finance, Florida Listings, Real Estate News, What If Realty News
hiWASHINGTON, August 07, 2008
International real estate purchases in the U.S. continue to be a significant share of business for many Realtors, according to the 2008 National Association of Realtors® Profile of International Home Buying Activity.
This new research indicates that international buying activity in the U.S. is widespread. NAR estimates that between 150,000 and 190,000 homes were sold to foreign nationals from May 2007 to May 2008. Recent foreign buyers purchased properties in every state and the District of Columbia. The most popular states where international buyers purchased homes are Florida, California and Texas. Arizona, New York, Washington and Nevada were also popular.
The typical international buyer purchased a single-family vacation home costing $297,400. Four in 10 paid for their U.S. property with cash, compared with 7 percent for all domestic buyers. The typical international owner stayed at his or her U.S. property for 2.6 months during the year, according to the NAR findings.
Foreign exchange rates have helped make U.S. homes more affordable for international buyers. The euro, for example, has strengthened 24 percent versus the U.S. dollar over the past two years. Home prices are also now more affordable in places such as Florida and Arizona, contributing to those states’ popularity among foreign buyers.
International buyers are distinct from domestic buyers. International buyers tend to purchase more expensive properties, which cost an average of 36 percent more than the typical domestic buyer’s home purchase. In fact, more than 14 percent of properties sold to international buyers sold in excess of $750,000. Foreign buyers also show a greater preference for condos and townhouses compared to domestic buyers.
People from North America, Europe and Asia accounted for more than 85 percent of recent foreign home buying transactions. The top six countries of origin for foreign home buyers, in rank order, were Canada, the United Kingdom, Mexico, China, India and Germany. This year, Canada replaced Mexico as the country with the largest share of foreign buyers in the U.S. The percentage of Canadian buyers doubled from last year, from 11 percent to 23.5 percent. Florida Real Estate is a prime target for the forein investor, retiree or vacation home hunter.
The full report is available from NAR’s Research Division or at www.realtor.org/research/research/reportsintl.
| Currently 1 Comment »
What IF? Tampa Florida Real Estate Could Be Professionally Marketed for Just $999?
Related Posts: Florida Listings, Real Estate News, Tampa Listings, What If Realty News
hiWhat IF Realty is officially “live” here in Tampa. Tampa Real Estate will never be the same!
We’ve brought our unique $999 listing program to Florida. We’re initially based here in Tampa, but we’ll soon be able to service real estate listings in all of Florida with our unique model.
Here’s what is different about What IF Realty.
We give you all the real estate services you need for JUST $999! When folks discover your signs, lock box, flyers, find you on MLS, Realtor.com and over 15 other websites internationally you be the envy of the competition close by. Just click on the button for more information!
| Currently No Comments »