government, as even the White House and our elected officials are sold to the highest bid. Is this our legacy that our founding fathers left us? Thousands of foreign buyers are snapping up U.S. residences across the country. In fact, according to stats cited from the National Association of Realtors, over $92 billion of properties were purchased by foreign buyers...so far...in 2014. The NAR data says 19% are from Canada, 16% are from China, 9% are from Mexico, while, the UK and India are at 5% each. NAR chief economist Lawrence Yun tells the Dallas News that foreign buyers are primarily active in Florida, California and Texas. Arizona comes in at a distant fourth place. And no surprise that different countries favor different U.S. destinations.-courtesy from the Real Estate Guys! THE MARKET! youtu.be/cTWvD3SMl2U
Posted on: Thu, 11 Dec 2014 19:05:06 +0000
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