Real Estate Trends: International Buyers to Florida

-
Interest In US Real Estate Market Continues to See an Increase
The recent increase in international online inquires for real estate in the US is attributed to many factors. Many real estate buyers in the global community are drawn in due to the weakened value of the Euro. France and Italy have always been in the top tier of competition for global real estate searches, but the US is making its way to the top. Seeing a 1.06% increase in the last month may not seem like a great increase to most, but when comparing it to the usual competitors, who have both seen a drop of at least 1.5%; it is a substantial number that draws attention. The following link will offer further in depth details on real estate trends.
http://www.propertycommunity.com/property-in-france/us-overtakes-france-in-international-property-searches.html
Foreign Homebuyer Proposal to Stimulate the US Real Estate Market
Some of this attention could be boosted even higher if a bi-partisan proposal is passed, which would allow for a “homeowner visa” for foreigners who spend $500,000 or more in US real estate. This action is likely to consume excess real estate inventory, stall any strain on pricing, and stimulate tourism especially in the state of Florida. Much of the bi-partisan support stems from restrictions on number of people coming with the investor, and benefits they would be eligible for. For example: they would be allowed to bring a spouse and minor children, but they would need to apply for a working visa in order to hold a job, and would not be eligible for benefits such as Social Security, Medicare, or Medicaid. For further in depth information you can read more by clicking the following link:
http://articles.latimes.com/2011/oct/20/business/la-fi-visas-home-buyers-20111021
Location: Tampa, FL, USA

Comments

Post a Comment

Popular posts from this blog

Featured Community of the Week – Beso Del Sol in Dunedin, Florida

-
Image
Can you imagine waking up each morning to a majestic view of the sparkling Gulf of Mexico waters? This all-inclusive resort condo community in Dunedin, Florida provides a perfect waterfront retreat. Situated directly on the Gulf, panoramic waterfront views overlook the St. Josephs Sound and Honeymoon Island, creating a tranquil setting that is far from the ordinary. Condo and community features include: · Fully furnished, all-inclusive studio, one and two bedroom units · Flat panel TV’s, stainless steel appliances, and granite countertops · Two waterfront heated swimming pools and hot tub · Fully-equipped fitness center and bicycle rentals · Onsite property management and housekeeping · Boat slips · All utilities included in HOA fees · Castaway Tiki Bar onsite with weekly entertainment Beso Del Sol Resort offers three wonderful floor plans to choose from with prices starting in the mid $100,000’s. Whether you are looking for a real estate investment, weekend retreat, vacation property
Read more

Real Estate Trends | Spring has Sprung

-
Image
As the flowers and trees start to blossom, there is another change in the air. With drops in foreclosure filings and a rise in the buying market, could Spring bring a new season for real estate? According to an article published by Housing Wire , Housing starts rise 7.2 % in March 2011. This is after a long decline of months. The data is collected from Department of Commerce, U.S. Census Bureau , and the Department of Housing and Urban Development every month to compare to previous months and previous years. March reached the highest peak in 16 months. Another noteworthy statistic to highlight is that RE/MAX National Housing reported that, “Home sales jumped more than 10% in 53 of the 54 metros tracked by RE/MAX between February and March”. This is a huge accomplishment in such a harsh season of retail. In this article it also quotes Freddie Mac in projecting that annual sales this year will be up a total of 5%. Another important thing that Freddie Mac monitors is foreclosure p
Read more

Renting is as Competitive as Purchasing a Home in Tampa Bay

-
Image
  The 411 on Tampa’s Rental Market   Tampa’s real estate market is one of the hottest markets in the country. Sunny weather, lower taxes, and quality of life result in an influx of new residents every week, however, the Covid-19 Pandemic substantially increased that number.   According to Fox News Tampa Bay, “"Every day, a thousand people are moving to Florida, and out of that, about 115 move to Tampa every day. You have all these people moving from New York City, moving from DC, moving from Connecticut, moving from Chicago, they’re from expensive cities, even from California! To them, Florida prices are affordable. Whether they’re home buyers or renters, they’re moving here with a lot of money to spend, which is jacking up prices.”   The rental rates in Tampa Bay and surrounding areas have increased 20% from last year placing Tampa in the top 5 metros for highest rent increases. This increase is a result of an extremely sparse rental inventory. At the moment, Tampa’s a
Read more