19.05.2011 - Foreign buyers getting firesale prices on U.S. housing
For U.S. homeowners, the family moving in next door could be Canadian. Or Chinese. U.S. real estate, especially on the high end, is getting support from international buyers. If U.S. buyers find homes attractively priced, global buyers are finding a fire sale once exchange rates are figured in. According to a report released Wednesday by the National Association of Realtors, foreign clients spent about $41 billion in U.S. housing in the 12 months ended in March 2011..............................................Full Article: Source
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