Foreign Buyers Flood US Real Estate, But Buy Cheaper Homes

Foreign Buyers Flood US Real Estate, But Buy Cheaper Homes

Foreign buyers purchased $102.6 billion of residential property in the U.S. between April 2015 and March 2016, according to NAR's annual report on international activity in U.S. real estate. That is a 1.3 percent decline in dollar volume from the previous survey. The number of properties purchased, however, rose 2.8 percent to 214,885. The value of homes bought by foreigners was typically higher than the median price of all U.S. homes.

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Florida’s Median Prices, Sales, Listings Rise In May

Florida’s Median Prices, Sales, Listings Rise In May

Florida's housing market is growing at a more moderate pace. New listings for existing single-family homes rose 5.8 percent compared to a year ago, while new listings for townhouse-condo properties rose 4.3 percent. While a tight housing supply is having an impact in many areas, still-low mortgage rates, increased jobs and economic growth will continue to boost housing demand.

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U.S. Vacation Homes 28% Capital Appreciation According to the NAR

U.S. Vacation Homes 28% Capital Appreciation According to the NAR

With more vacation buyers purchasing single-family homes (58%) compared to a year ago (54%), the share of those buying a condo (25%) or a townhouse or row house (13%) decreased in this year’s survey. Encouraged by rising housing demand and home prices, more than 80% of both vacation buyers and investment buyers believe that now is a good time to purchase real estate.

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Orlando Continues To Lead The State In Job Creation

Orlando Continues To Lead The State In Job Creation

Gallup has ranked the Orlando metro area No. 1 in the nation for highest rate of job creation in 2015. Orlando has been in the top five for Gallup’s ranking, but this is the first No. 1 ranking in recent years. Gallup noted that Orlando and Las Vegas, which rely heavily on tourism to support their economies, are among the stronger U.S. job markets, “perhaps reflecting higher consumer confidence and consumer spending compared with the immediate post-recession years.”

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Florida's Housing Market Continues Strong Track In January

Florida's Housing Market Continues Strong Track In January

The statewide median sales price for single-family existing homes last month was $199,000, up 13.7 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in January was $152,000, up 10.9 percent over the year-ago figure.

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What Should We Expect In Florida Real Estate In 2016

What Should We Expect In Florida Real Estate In 2016

"Florida is positioned to become one of the hottest spots in the country with rising demand, positive gains in recovery, really good fundamentals and positive momentum," said Jonathan Smoke, chief economist of realtor.com®. He said 2015 was a good year and 2016 looks to be similar. Smoke discussed the national housing outlook for the coming year, saying, "Home sales have pretty much recovered to their normal levels."

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Fla.’s Housing Market Ends 2015 With Strong Gains

Fla.’s Housing Market Ends 2015 With Strong Gains

2015 was a very strong year in terms of sales growth in Florida's single-family home markets, thanks to a sales surge that began in the fourth quarter of 2014 and lasted through the third quarter of 2015. Statewide closed sales of existing single-family homes totaled 274,769 in 2015, up 12.4 percent compared to the 2014 figure

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Wealthy Foreigners Bought $100 Billion In US Real Estate

Wealthy Foreigners Bought $100 Billion In US Real Estate

Overall, Florida was the top state for overseas real estate buyers, accounting for 21 percent of all U.S. sales to foreign buyers. California ranked second, with 16 percent, followed by Texas with 8 percent and Arizona with 5 percent. The top four states accounted for half of overseas buying.

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