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Prayers sell land sales to the United States in Chinese. With more than Fox Business’ Grady Trimble.
Increased international recipientsMostly China, US Household houses have taken homes in the United States in the United States, which continues to face montage problems.
The number of foreign buyers purchased until April 2024 has increased for the first time since 2017, the National Realtors Union (Pomegranate). The report emphasizes that Chinese recipients represent the total expenditure and operation of foreign investors, the largest part of the purchase Worth $ 13.7 billion in existing houses – 83% increase since the previous year.
According to Nar, this is an important choice of purchases worth $ 7.5 billion in the previous year. These buyers are concentrated in states with more price labels at the level of 1.2 million dollars, the highest average purchase price. For example, about 36% of Chinese recipients received a property in California, according to the report, 9% were purchased in New York.
In April 2024, the number of existing houses received by foreign buyers has increased for the first time since 2017. (Through Paul Morris / Bloomberg, Getty Images / Getty Images)
According to property experts, the US crisis, which is especially difficult for American recipients and vendors, has created more opportunities for foreign buyers, according to real estate professionals.
The apartment crisis is already required to spend more than 30% of homebuyers in 47 main metro areas
About 78,100 property was purchased by external buyers, which represents the 44% increase in the previous year, is in secondary level as Nar began to evaluate the purchases of the foreign buyer in 2009.
External buyers are not necessarily corrected American buyers, As the mortgage pace is one of the greatest obstacles to access for US buyers and vendors, they capitalize on the market in poor demand.
Property experts say that the apartments in the United States have created more opportunities for external buyers. (Steve Pfost / Newsday RM through Getty Images) / Getty Images)
“If more than half of these international buyers do in cash, it is rich in the market, and there is no need for houses in the United States,” he said.
America’s Housing Crisis: Realtor.com CEO said it was a way to solve it
Average degree in A 30 years of fixed mortgage The mortgage recipient is 6.67% for Freddie Mac. This stressed that about 3% of the rate in December 2021, the ratio of increased pressure is facing debt costs.
Although foreign buyers do not necessarily leave American buyers, they capitalize in the market with a weak demand. (Via Saul Loeb / AFP Getty Imags) / Getty Images)
On top of that, home prices hit record heights. Nationwide, prices have increased by about 4% over the year, and since 2019, the people have increased by 60% since 2019 for the state of the housing report. In turn, this is the price of a typical family’s house in 2024 in 2024.
However, if you pay cash, specialists say that if there is an international or an American buyer, taking into account these high debt prices, it is a good time to buy.
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Berner said that the interests of international recipients are a pleasant relief to certain vendors in slow sales activities.
“Some of the unto the selling no other inventory is not sold,” he said.
An expert told Fox business that interested in interest in international recipients, a pleasant relief of certain vendors in slow sales activities. (David Paul Morris / Bloomberg Getty Imager / Getty Images)
In May, according to the June report of Realtor.com, 35% in May, 35% of the year and 47% of the total inventory, which are total inventory, expanded. The temporary, active list increase was 28.4% and 31.5%, respectively, accordingly.
