Posts Tagged ‘Confidence’
Are Aliens Real Estate Market Confidence
Last week the National Association of Realtors – Realtor Association of Miami in conjunction with the annual Miami Florida hosted the International Real Estate Congress. In this case, China, Russia, France, Spain and Latin America, Brazil, Argentina and Mexico have joined hundreds of remote real estate professionals.
The conference lasted two days and at the same time, local, national and international retail economists, physicians, industrial developers, builders, investors and real estate lawyers, including banks. These are all doom and gloom predictions for the coming year in the United States, what can they expect that the real estate market has been informed. Lawrence Yun, chief economist of the National Association of Realtor detailed presentation, which lasted more than an hour on the local, national and international levels, the current housing trends and historical statistics made available showed that the market forces at work.
Mr. Yun is not on the market by creating a large repressed demand, home sales in the United States each year is included, the U.S. population is currently about three million people, although there is more in line with sales level since 1998, he said.
In addition, said more than 40 million multi-generational family and friends anymore, because they lived in the same house the difficult economic times. Many of the next generation “X” people are moving back with their parents or grandparents, or more than one family, sharing a single residence. : 2011, foreigners buy real estate in the following account in the State of Florida
41% of purchases made in Florida, Canada and Mexico from the
26% in Latin America
23% in Western Europe
10% of Other Nations
Mr. Yun, the new start-ups in home prices not seen since the end of the Second World War, pointed out that an all-time low.Housing shortage in the coming years is to live in the U.S. market is likely that this fact alone shows. People get jobs and the economy returns to its normal price level and begin to buy home prices begin to rise again. I hope that with 12% foreign property buyers in California, Florida, Texas, Arizona, 9% and 6% after the second benefit from this trend.
My consensus is that the U.S. housing crisis is still a safe investment. Most third-world country, compared to the unstable political and social, real estate investment, without doubt, a calculated risk is in a safe.
U.S. housing market is a worthwhile investment. American real estate market, for us, “the American dream of prosperity” has been the foundation. People, more of a family sitting in a safe area to rent or to pay a higher sales price. Clean neighborhoods, good schools, and prosperous. Former real estate business slogan “location, location, location” really applies here. NAR figures above represents the acquisition of property by foreigners in the state of Florida. According to the latest NAR numbers are as follows, in the whole country goes to the influx of foreign capital;
North America: 31%
Central America: 2%
South America: 11%
Europe: 24%
Asia: 26%
Middle East: 3%
Africa: 3%
Personally, as a professional real estate investment advisor, investment by foreigners in our heritage speaks of confidence volumes. What was 1070000000000 $ in U.S. home market for foreigners to invest 82000000000 $, we should think very seriously a show of confidence. For them we have the green grass. My humble opi