International Buyers Snap Up North American Real Estate While the Window of Opportunity is Still Open
a | r | e — Asian Real Estate
by John Peretz
Across the United States, It’s Happening Every Day. AREAA members are working with international clients, helping them get a piece of the “American Dream.”
But what’s going to happen on the international buyer front in 2013 and beyond? Most indicators suggest continued strength and investment opportunity as the U.S. economy continues its slow but steady path to improvement, and the infamous housing bubble burst gets farther behind in the rear view mirror.
According to the National Association of Realtors, total sales volume to international residential clients for the 12 months ending in March 2012 was estimated at $82.5 billion, up 24 percent from the previous 2011 estimate of $66.4 billion. International sales were reported as representing 8.8 percent of the total market…