Showing posts with label Foreigners. Show all posts
Showing posts with label Foreigners. Show all posts

Tuesday, June 12, 2012

Foreigners Snap US Properties



Foreigners Snap Up US Properties    BY NICK TIMIRAOS
The six-year slide in U.S. home prices and the dollar's weakness against some currencies are driving a property-buying binge by Asians, Canadians, Europeans and Latin Americans eager to own a piece of America.
Plowing money into real estate may sound like a risky venture to many Americans. But to growing numbers of foreigners, U.S. housing has never seemed a smarter investment.