by kramoltz@hotmail.com | Mar 16, 2024 | Global Buyers + Foreign Investment
NAR’s Profile of International Transactions in U.S. Residential Real Estate surveys Realtors about transactions with international clients who purchased U.S. homes. In the 2023 Report covering from April 2022 through March 2023, the average ($639,900) and median...
by kramoltz@hotmail.com | Jan 11, 2024 | Arizona and Its Amenities, Global Buyers + Foreign Investment
The national immigration picture differs from that of Arizona. Our proximity to Mexico and Central America means that we are the beneficiary of more Latino migrants. So according to the 2021 census, that Mexico is Arizona’s number one immigrant group should be no...
by kramoltz@hotmail.com | Jun 13, 2023 | Canada and Canadians, Home Buying
If you were thinking of buying a vacation or second home in the Frozen North, you need to put your plans on hold. As of Jan. 1,2023, Canada has enacted a two-year ban on the purchase of residential property by most non-residents. The Prohibition on the Purchase of...
by kramoltz@hotmail.com | Jul 13, 2021 | Global Buyers + Foreign Investment
Over the years, I have provided updates on the importance of foreign buyers to Arizona and the U.S. But for several years now, participation in the global residential marketplace has been waning. In the U.S., purchases of homes by foreign buyers has been declining...
by kramoltz@hotmail.com | Dec 8, 2020 | Arizona and Its Amenities, Canada and Canadians
Canada is the largest foreign direct investor and employer in the Grand Canyon State, and its businesses do $3.2 billion worth of trade annually in Arizona. And despite the sell off over the last few years due to the weakness of Canadian currency, Canadians make up...