U.S become one of the top destinations for foreign property investors according to the latest report released by the National Association of Realtors. Many international investors continue to identify the U.S. as the best place right now to purchase property and make a profitable investment.
The total of all international sales in the country for the past year ending March this year, which compose of non-resident foreigners and recent immigrants was $82.4 billion, way above the 2011 sales of just $66.4 billion.
Most of the international buyers bought homes for sale in four major states, which accounted to 51 percent of the purchases. Arizona, Texas, California and Florida were the top choices of foreign property investors when purchasing homes. Leading the path is Florida with 26 percent foreign purchases, followed by California at 11 percent and both Arizona and Texas with seven percent.
Foreign homeowners came from different countries around the world, but 55 percent of accounted international sales were made up of investors from China, Canada, India, Mexico and the United Kingdom, according to the survey.
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Regional MLS Sue Web Site in Violating Copyright Laws
NorthStar MLS in St. Paul Minn., and Metropolitan Regional InformationSystems in Rockville, Md., filed separate lawsuits in the federal court against NeighborhoodCity.com, alleging the Website of using the listing data without their permission.
NeighborhoodCity.com is a website that assign performance score to real estate agents, based on how many properties for sale they sold, how long their properties sits on the market and the difference between the asking price and the final sales price. Home buyers who visit the site can use the information to compare and choose the best agent they can hire to do the job.
Jonathan Cardella, NeighborhoodCity.com chief executive told the New York Times that the site has information on about 80 percent of real estate agents across the country. He added that the purpose of the site is to help match buyers and sellers with active agents who have demonstrated success with similar properties.
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