Trump effect: Foreign purchases of American homes plunge 36% as ..........
#1
'The Trump effect': Foreign purchases of American homes plunge 36% as Chinese buyers flee

Conditions in the U.S. housing market, along with tighter currency controls by the China, caused a stunning drop in foreign demand for American homes.

Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.

The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. The decline was due to a drop in the number and average price of purchases. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period....

The Chinese were the leading buyers for the seventh consecutive year, purchasing an estimated $13.4 billion worth of residential property. Yet that was a 56% decline from the previous 12 months and comparatively the biggest percentage drop of all foreign buyers.

https://www.usatoday.com/story/money/201...757348001/
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#2



陸資團結大撤退"美國房市" 美仲介苦:川普害的! 美中談判陷停滯! 美財長:華為非癥結點|主播鄧凱銘|【非凡Morning Call】20190719|非凡新聞

(6.45 min onward)
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#3
with housing and auto sale declining, but DOW still climbing?
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#4
19-7-2019 9:00 PM
looksee said:
with housing and auto sale declining, but DOW still climbing?

Bubble! Laughing
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#5
Although the Chinese flee and not buying the American properties, causing a drop in the foreigner's buying but this does not affect much the core of home price index ..

[Image: ZAmFuB1.jpg]
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#6
It’s Time To Start Worrying About The Housing Market Again

Despite publishing cautionary posts about investing in stocks, bonds, and alternatives at current levels, the biggest caution I should be writing about is taking out massive debt to buy property at record highs as of 2Q2019. If you lose 50% on your stock and bond portfolio, you'll be upset, but fine. If your property loses 20% of its value, however, this means you've lost 100% of your 20% downpayment. In this scenario, you'll also probably still be fine - if you don't have to sell. But when property prices correct by 20% or more, many people become forced sellers because they've also lost their jobs. I understand that millennials are coming....

1) Rents have softened from peak levels in many of the most expensive cities.

https://www.financialsamurai.com/time-to...ket-again/
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