by kramoltz@hotmail.com | May 15, 2024 | Global Buyers + Foreign Investment
Although the number of purchases by foreign buyers of U.S. properties are down due to rising home prices, international spending on homes continues nation-wide. Where are they buying the most homes? The top destinations for foreign purchasers in the last reporting...
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 | Aug 22, 2023 | Global Buyers + Foreign Investment
A recent survey of over 1,200 high-net-worth consumers from 12 countries reveals a positive outlook on the U.S. luxury real estate market. 80% of global luxury consumers believe purchasing real estate in the U.S. is a safe investment, and 76% rate the current market...
by kramoltz@hotmail.com | Jun 7, 2022 | Arizona and Its Amenities, Canada and Canadians, Global Buyers + Foreign Investment
It has been a while since I detailed who are flocking to the Valley of the Sun. The latest U.S. Census shows that by far the most movers to the Phoenix area are from Los Angeles, Long Beach and Anaheim. Tucson came in number two. Those from Asian countries were the...
by kramoltz@hotmail.com | May 9, 2022 | Global Buyers + Foreign Investment, Selling Your Home, Taxes
When a foreign person sells U.S. real estate, 15% of the sale price will withheld. However, U.S. formed entities like limited liability companies are not themselves considered to be a foreign person so withholding would not apply (although their members may be...
