The weakening U.S. dollar and declining home values are largely discouraging for American homeowners. For international real estate investors, however, such conditions present opportunity. Foreclosure Specialist and Trainer, Thomas Tsilionis recently released the 2009 TSI REPORT to 85,000 members of The Association of Commercial Real Estate Professionals (ACREPRO). The TSI Report is generated March 1 and September 1 each year and includes a section that relates to International Home Buying Activity.
TSI estimates that between 150,000 and 190,000 homes were sold to foreign nationals from February 2008 and February 2009 , according to the TSI press release on the findings. Recent foreign buyers purchased properties in every state and the District of Columbia. The most popular states where international buyers purchased homes are Florida, California and Texas. Arizona, New York, Washington and Nevada were also popular.
Nearly half of the properties purchased by foreign buyers were located in the South; 25.4 percent of all property sales to foreign buyers occurred in Florida alone. (For more information on foreign investment in Florida’s real estate market, please see our previous article, Florida is the new Europe.)
More : 1888pressrelease.com
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