Can Foreign Buyers Save the U.S. Housing Market?

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I will agree that there is an upswing considering the foreign buyer investments in Greater Miami and the Miami Beach real estate markets. In fact, in my own research...see http://www.thekleerteam.com/blog/2011/11/Selling-Miami-Beach-Real-Estate-to-Foreign-Buyers.htm ...53% of international buyers to Greater Miami are from South American countries, including Venezuela, Brazil, Argentina and Colombia. Since 2009, residents of Brazil, Canada, France and Italy also represent a large number of international buyers to the waterfront condo buildings South of Fifth - such as The Continuum, Murano at Portofino, and Apogee South Beach.

Allan Kleer of FL 3:05PM November 03, 2011

Interest rates are simply incredible on mortgages right now. It's not uncommon to see 30 year rates down in low fours and 15 year rates in the threes. Week after week, the rates keep dropping If you are looking for rates in three then search online for 123 Refi and learn how to do refi.

juliarusin of CA 5:23AM October 29, 2011

America should be very wary of allowing wholesale purchases of residential property by foreign investors. I live in Vancouver, BC and we have seen a flood of foreign investors from China buy everything in sight - causing housing prices to now be unaffordable for the average Canadian citizen. Walk down any street and most of the homes are owned by Asians. Most average homes are selling close to 1 million dollars! Leaving those of us born here to not even be able to afford to live here.
You need to put a cap on the amount of foreign investors buying residential property or the average American will never be able to afford to buy a home like the average Canadian.

Darlene 5:38PM October 28, 2011