Foreign Investors Eyeing U.S. Real Estate, What it Means for Buyers

By Donna Fuscaldo

The competition in the housing market is heating up as buyers face off with  deep-pocketed investors located both in and outside the U.S.

Foreign investors are playing a big role in the U.S. real estate market and  it’s putting upward pressure on home prices. According to new research from real  estate website Trulia,  from April 2012 to March 2013, foreigners conducted 4.3% of all searches for  U.S. properties on its site.

So what does all this foreign interest mean to other buyers? According to Kolko,  it drives up home prices and creates more competition in sought-after  neighborhoods. But whether this interest from across the ocean holds steady in  the face of rising prices has yet to be seen.

Read more:  http://www.foxbusiness.com/personal-finance/2013/06/26/foreign-investors-eyeing-us-real-estate-what-it-means-for-buyers/#ixzz2XKRS3wNP

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