April 23, 2024 12:30 pm
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Foreign buyers flood real estate, but buy less expensive homes

Chinese investors negotiate at the US-China Real Estate summit & trade fair in Beijing. :File photo:Zhang Peng | LightRocket | Getty Images
Chinese investors negotiate at the US-China Real Estate summit & trade fair in Beijing. :File photo:Zhang Peng | LightRocket | Getty Images

Arizona among top states for real estate purchases by foreign buyers

By Diana Olick | CNBC

The appetite for U.S. real estate continues to flourish, but international buyers are shifting their sights from luxury to less-pricey properties. This may be due to overall higher home prices, along with a stronger U.S. dollar, which both cost foreign buyers more at the negotiating table. There are also fewer nonresident foreigners investing in the market.

Continued:

Related: Would a Dip in Foreign Buyers Affect U.S. Home Hunters?/realtor.com

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.