by kramoltz@hotmail.com | Feb 27, 2017 | Arizona and Its Amenities, Home Ownership
Like higher costs, fees and taxes? If not, come to Arizona. Arizona doesn’t impose costs on snowbirds upon sale of a home the way Florida does. Full time Florida resident property tax bills can’t rise more than 3% annually, while snowbird taxes can go up to 10%. Plus...
by kramoltz@hotmail.com | Aug 29, 2016 | Global Buyers + Foreign Investment, Real Estate Facts & Figures
Canadian buyers accounted for about 6% of the homes purchased in the metro Phoenix area at their peak in April of 2011. Then the Canadian dollar was worth more than ours, and Canadians were purchasing at the bottom of our market. Today, the U.S. dollar buys around...
by kramoltz@hotmail.com | Aug 2, 2016 | Canada and Canadians, Global Buyers + Foreign Investment
U.S. real estate purchases by Canadians used to lead the way in U.S. international sales, but that’s not the case anymore. Chinese buyers represented 45% of all purchases totaling $27 billion in sales, followed by Canada ($8.9 billion), India ($6.1 billion) the U.K....
by kramoltz@hotmail.com | Apr 7, 2016 | Global Buyers + Foreign Investment
As China’s economy slows and its stock market posts sharp declines, Chinese investors are reportedly looking to park more of their money in U.S. real estate. Developers, financial institutions, and high net-worth individuals are seeking safe investments in...
by kramoltz@hotmail.com | Mar 22, 2016 | Canada and Canadians, Global Buyers + Foreign Investment
Trailing Japanese buyers, in 2014 Canadian buyers became the 2nd largest foreign investors in Hawaiian real estate — investing some $165 million in Hawaiian properties. It remains to be seen whether the dramatic drop in the value of Canadian currency is likely...