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.
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