12.03.2012 - Foreign buyers are snapping up U.S. homes

With foreign entities wary of mortgage-backed securities, buyers are focusing on individual homes — a welcome occurrence in regions suffering from a glut of properties on the market. Because of the housing market meltdown, foreign governments and banks are shying away from bonds backed by American home loans. But individual foreign buyers are taking advantage of the crash to snap up U.S. bargains at a record clip...............................................Full Article: Source

Print