Monday, November 7, 2011
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.
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