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Canadians top global buyers of U.S. residences; Chinese ranked second

Posted on 12 December 2012

Who is helping the U.S. for-sale housing market recover these days? A good many Americans, of course. But to get a more balanced picture, look outside the U.S. Foreign nationals accounted for $82.5 billion, or 8.9%, of the $928 billion spent on U.S. residential real estate from April 2011 through March 2012, according a June survey from the National Association of Realtors.
That was up 24% from $66.4 billion the previous year. More than 50% of sales over the past year occurred in just five states: Florida, California, Texas, Arizona and New York. Canadians have also been buying in the Midwest, including Chicago………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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