California Real Estate 40% Off
40% Off! California Real Estate
This is prime real estate, not foreclosures or short sales.
The whole state is on sale and you can get it for 40% off - if you're paying with Euros. That's right foreign investors and home owners are realizing that their Euro is making the purchase of U.S. real estate a real bargain.
We've heard reports from a recent luxury homes summit held two weeks ago in Vancouver, B.C., Canada that European and Russian money is flowing into the U.S. and Canadian luxury housing markets.
The San Francisco Bay Area holds many great investment opportunities for foreign investors. Those looking for a second home or condo in one of the world's great places to live have their choice of many prime locations.
If you're selling an upscale home, consider advertising directly to the foreign buyer. The Internet makes this easy - if you have an agent that knows how to use the Internet effectively.
Exchange Rates Give Foreigners The Edge in U.S. Housing Market
With the dollar at historic lows against the euro and other currencies, real-estate agents, appraisers and developers say overseas buyers are stepping up their purchases in the U.S. Some are buying vacation homes in Florida, California and Colorado that would previously have been considered out of reach. Others are gambling that properties purchased now will translate into savvy investments down the road, when both the dollar and the U.S. housing market eventually rebound.
The Fed's housing market objectives
The global economy is also moving to wealth parity… in most simplistic terms, global wealth is being redistributed from the US to China and India. That means even if most Americans can't afford those $1 million mortgages, a lot of rich foreigners can (yes, they are buying in Manhattan, San Francisco and Florida now).
November 21st, 2007 at 8:28 am
Well said! Yes it is true that many a foreigners are actually buying up property in Manhattan and even in Florida. Well I am a broker and a blogger and making people get their dream homes is my duty(I ain’t no noble, just doing my job). And in the last few years with search portals for real estates mushrooming, they have actually made our job not only easier but also it has brought us a lot many clients from all over the world. I am actually a broker listed with the Resortscape and to my surprise last month a got a call from German couple who wanted to buy a condo in our Manhattan area. I was too surprised, well yes they found me through the resortscape and actually I have made a deal for them as well. Hope my experience is of some use to your blog. Please give us more such informative mannah !! waiting on you…peace
December 17th, 2007 at 6:37 pm
[…] Real Estate 40% Off Posted on December 17, 2007 | Permalink | Trackback Tags: No Tags These icons link to social bookmarking sites where readers can share and discovernew web pages. […]
March 14th, 2008 at 1:12 pm
[…] In October, we mentioned that foreign investors were becoming more active in the purchase of U.S. real estate due to the strong euro and the weaking U.S. housing market. […]