14.12.2010 - Seized U.S. home sellers seek to lure currency-rich Australians
From Bloomberg: Vincent Selleck, whose Sydney-based 888 U.S. Real Estate started finding foreclosed U.S. homes a year ago for Australian investors, received almost half of all inquiries in the last two months. “We’ve been swamped since the Australian dollar reached parity with the U.S. dollar,” said Selleck, 52, who handled 1,300 queries in the last 12 months, more than 530 of them in the past two. “At the beginning, people were quite skeptical. In the past two months, the spike we’ve seen is incredible.”.............................................Full Article: Source
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