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%
Mainland Chinese International Real Estate Investment To Drop Over 20% In 2017
Don’t expect Mainland Chinese real estate investors to make it rain in 2017. At least, not to the extent they did last year.
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.
This Week’s Top Stories: China’s Largest International Real Estate Buyer Has A Problem, and Government Warns Canadian Debt Will Hit New Records
China’s largest international real estate buyer has a problem, and the Canadian government thinks household debt will accelerate.
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.
New York Metro Sees High-Rent Homes Soar, Low-Rent Disappear
The New York City area is seeing low rent units disappear, and high rent units replace them at a rapid rate.
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.
China’s Overseas Real Estate Buyers Prefer Hillary Clinton
China’s real estate investors and the people selling them property are divided on which US presidential candidate is best for business.