Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $6.1 billion of total sales volume.
While total unit sales from international home buyers decreased from last year, total sales dollar volume increased 13 percent.
Global real estate markets are most vulnerable in economies with not just a greater dependency on oil but also in those with a high cost of oil production.
According to a new report from CBRE Research, lower oil prices will have effects across the Houston commercial real estate market, but fears of broad-based decline are overblown.
Favorable exchange rates, affordable home prices and rising affluence abroad drive international buyers to the U.S.
Posted on July 08, 2014