International buyers were less involved in the US housing market during the first year of the pandemic — but that may soon change. Lawrence Yun, the National Association of REALTORS®’ top economist, believes buyers from other countries may become bigger players in the U.S. housing market in the coming months after they had taken […]
Tariff Woes Worry CEOs
When President Donald Trump spoke to Apple’s Chief Executive Tim Cook about the impact of US tariffs on Chinese imports, Cook warned that those duties could give an edge to rival Samsung. The president said that Cook “made a good case” that the tariffs could hurt Apple, given Samsung’s products wouldn’t be subject to the […]
Impact of Fed’s Cut, Jobs Report
Below are reports from NAR’s REALTOR® magazine on the Fed interest rate cut and an excerpt from Bloomberg’s coverage of Friday’s Labor Department jobs report. Last Wednesday’s action by the Federal Reserve was the first time it cut interest rates since the Great Recession took hold in 2008. The move is not likely to deliver […]
Tariffs Behind Rising Remodel Costs
Those wanting to spruce up a home may need to add more money to their budget. Builders and contractors are warning that new tariffs on Chinese goods will add $2.5 billion in added costs to the home remodeling industry, and those extra costs will be passed on to customers. NAR’s 2019 Remodeling Impact Report Tariff […]
Chinese Investors Unfazed—For Now
As President Donald Trump threatens to impose a tax on steel and aluminum from China and other countries, and both sides threaten to impose tariffs on multiple products, the stock market has been volatile. But will the trade disputes leave Chinese buyers skittish about U.S. real estate? “At this point, most Chinese buyers are cautiously […]
Foreign Buyers Eye US Real Estate
Residents from other countries are increasingly eyeing U.S. real estate as a good investment, and they’re making up a significant portion of buyers in some markets. But who is coming is changing. Chinese buyers have been the biggest portion, spending the most of any foreign group on U.S. real estate. They spent $31.7 billion on […]
Foreign Home Sales Set Records
Foreign investment in U.S. real estate has surged to a new high, with property expenditures skyrocketing 49 percent over the past year, according to the National Association of REALTORS®’ 2017 Profile of International Activity in U.S. Residential Real Estate. Nearly half of all foreign sales were in three states: Florida, California, and Texas. Between April […]