Foreign buying of residential real estate is surging across the United States, reaching over $153 billion in sales over the past year.
Foreign Buying of US Real Estate Surges Over 32%
Canada Has Twice As Many Vacant Homes As The US Did Before The Crash
Canada has twice the ratio of vacant homes the US did before the great recession, indicating Canadian real estate may be in hypersupply.
As Mortgage Rates Go Up In The US, Credit Ratings Are Going Down
US real estate firm CoreLogic has observed that as mortgage rates climb, credit ratings have started to slide across America.
3.1 Million US Homes Still Have Negative Equity From The Recession
Homeowners are starting to recover from the US real estate bubble that burst in 2008, but over 10 million mortgages have little to no equity.
New Home Prices Are Over 50% Higher In Canada Than The US
The gap between new home prices in Canada and the US is growing, with Canadian homes now more than 50% more expensive.
The US Has A Foreign Buying Problem, and It’s Not China
Canada tops the list of foreign buyers searching for US real estate. Turns out we’re more likely to keep homes empty than Chinese buyers.
PwC: Canada To Drop Out of Top 20 Economies, US To Fall To 3rd
Top accounting firm PwC sees a few developing countries surpassing many of today’s advanced economies, here’s how they ranked.
AirBnB Rates Are Dropping As Rental Inventories Rise
Doesn’t it suck when your favorite app goes mainstream? New stats show that AirBnB’s rapid growth is adding thousands of units for people to book everyday. This is great news if you’re looking to make a booking, since you’ll have your pick of the lot. It’s kind of crappy news if you’re a host looking […]
China’s Largest Company Just Partnered To Sell US & Canadian Real Estate
Juwai, China’s largest international property portal, has partnered with China’s Tencent to ramp up sales of US and Canadian real estate.