Foreign Buyers and U.S. Real Estate

Foreign Buyers Spent $20 Billion Less on U.S. Real Estate Travel restrictions associated with the coronavirus kept many foreign would-be buyers out of the U.S. last year – and that kept billions of their dollars out of the housing market. Home purchases by international buyers and recent immigrants plummeted 33% from the previous year, according to a recent National Association of Realtors® report. International purchasers spent roughly $54.4 billion on U.S. real estate -down considerably from…

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Housing Humor

The Handy-Dandy Real Estate Terms Decoder This decoder, compliments of Cathy and Bob, could come in handy when you’re reading the descriptions of potential houses and trying to figure out what they could really mean? DESCRIPTION    Cozy Potential Charming Classic Vintage Just Reduced Priced to Sell Secluded Move in Ready Up and Coming Motivated Seller As Is REAL MEANING Tiny and no natural light Better triple your line of credit No updates in 25…

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Pocket Listings Driving You Batty?

GOING BATTY over ‘Pocket Listings’ in an Increasingly Competitive Real Estate Market? Some of the most exclusive real estate properties never hit the open market. Instead, sellers will only solicit offers from a select group of buyers through what’s known as a “pocket listing.”   This practice is nothing new. But in a super-competitive real estate market, it’s not just luxury homes that are being sold this way. Here’s what you need to know about…

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