U.S. home sales to foreigners surge 49% to new record
Source: CNN Money by Alanna Petroff @AlannaPetroff Foreigners are getting serious about “Buying American” real estate. The National Association of Realtors released a report Tuesday that said foreign buyers and recent immigrants spent an estimated $153 billion on American properties in the year ending March 2017. That was a 49% increase over the previous year and the highest level since record-keeping began in 2009. The purchases accounted for 10% of the total value of existing home sales in the U.S. The report did not include new homes. To continue reading please click...
Read MoreReal estate CEO: Record-low housing inventory is ‘freaking us out’
Source: CNBC The number of homes for sale in America has been falling steadily for the past year, but the situation is apparently getting much worse as spring demand heats up. “The inventory is reaching historic lows. It’s never declined faster than it did last month. It’s freaking us out — it’s affecting our business; it’s limiting our sales,” said Glenn Kelman, CEO of Seattle-based Redfin, a real estate firm. “We’re going to be fine in terms of market share, but I think the overall industry for the first time is seeing sales volume really...
Read MoreWSJ: Jacqueline Kennedy Onassis’ Onetime Home Asks $9.75 Million
A Washington, D.C., home that housed Jacqueline Kennedy Onassis in the period shortly after the assassination of her husband, President John F. Kennedy, is listing for $9.75 million. Built in the 1790s, the roughly 7,000-square-foot Federal-style brick house has six bedrooms and staff quarters, according to listing agents Nancy Taylor Bubes and Jamie Peva of Washington Fine Properties. Its three stories can be accessed by an elevator, and a cupola at the top of the house offers views of the Potomac River. To view the entire article please click here >>>> Source: Wall Street...
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