International Buyers in Real Estate

Welcome back to my video blog! I came across an interesting article the other day about international buyers and their activity in the real estate market in the United States.

Did you know that international buyers spent $68.2 billion in 2012 on real estate in the United States? The average price was $275,000 and 67 percent of the transactions were cash. Twenty three percent of those transactions were from Canadian investors and 12 percent were from Chinese investors.

In 2012, the average sales price for Americans was $179,000 with 30 percent cash transactions. Five states accounted for 61 percent of those transactions: Florida, California, Texas, Arizona and New York.

So what does all this mean? Foreign investors choose to invest and buy in the United States because it is profitable and secure. Now is the time to move into a larger home, buy more properties or invest.

We can help you with that! If you have any questions, please give me a call at 818.898.2255 or send me an email rod@teamrod.com

Thanks for watching!