Foreign Interest Growing

Foreign buying interest continues to grow:

For many foreign buyers, property in the U.S. is cheap. Foreign buyers also seem more optimistic about the long-term health of the U.S. market, says David Michonski, a certified international property specialist and chief executive of Coldwell Banker Hunt Kennedy in New York. “The foreign buyer has an unbridled confidence in the U.S. market that is lacking in the domestic purchaser today,” he notes. “They view this as the bargain of a lifetime and are terribly excited about it.”

Full article here.

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