by kramoltz@hotmail.com | Jan 26, 2016 | Global Buyers + Foreign Investment, Home Buying
In my Ho-Hum, not Ho, Ho, Ho blog, I reported on the low demand in the $400,000 plus – and the over $1,000,000, price ranges. The lack of buyers is a particular problem above $2 million. Mike Orr of ASU says demand is anemic, and buyers “can take the time to be...
by kramoltz@hotmail.com | Jan 22, 2016 | Canada and Canadians, Global Buyers + Foreign Investment
The contribution of international purchasers to our real estate market is highly dependent on currency fluctuations, and the strong dollar is keeping foreign buyers away. Particularly hurt are Canadians, whose currency is worth around 60-65 cents U.S. Taking their...
by kramoltz@hotmail.com | Jan 15, 2016 | Canada and Canadians, Global Buyers + Foreign Investment
For the first time the Phoenix area appeared as one of the top 10 areas for foreign commercial investment. Last year a couple of large purchases by Artis REIT, a Winnipeg, Manitoba company, helped push the Valley of the Sun into the record books. Besides Canadians,...
by kramoltz@hotmail.com | Dec 16, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
Home buyers from Ontario – my home province – have traditionally been the most active home purchasers of east coast U.S. homes. Ontario is located roughly above New York to Minnesota, so its logical that its residents would be oriented towards Florida and...
by kramoltz@hotmail.com | Dec 4, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
U.S. lenders will loan to international purchasers, but there are significant limitations. For example, the list of “qualified foreign nationals” is usually restricted to Canadians, Aussie’s, and other English speaking former U.K. colonies. The good news is that...
by kramoltz@hotmail.com | Nov 20, 2015 | Canada and Canadians, Global Buyers + Foreign Investment
Wonder where the people who buy in Arizona come from? With the exception of San Diego, since May 2012 the top 10 buyer sources for those living elsewhere all have cold winters. Which answers the question of why they purchase here – to escape the weather there....
