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In this video, Shawn Battle and Matt Leighton talk about why foreign investment in the United States real estate market is down $43 billion compared to 2018.
Foreign purchases of American homes plunge 36% as Chinese buyers flee the market:
https://www.cnbc.com/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html
Shawn and Matt discuss the article and the pros and cons of foreign investments being down $43 billion (36%) year-over-year. A lot of it comes down to the fact that the Chinese market has held off on purchasing real estate in the United States at the same rate as they have done in prior years.
This is especially hurting bigger markets like New York City and Miami that almost rely on a huge foreign investment to keep the upper tier of the real estate market humming along.
But is it a good thing that the foreign investments have slown down? Do we really need Chinese and foreign buyers coming to America to purchase all the real estate? Has this been artificially making the real estate markets more expensive? Is it now harder to buy real estate as an American because of foreign investors?
Shawn and Matt answer these questions and more in today’s video.
Connect with Shawn Battle
http://www.battlesales.com
http://www.orangelinecondo.com/
https://www.instagram.com/shawnbattleolc
Business inquiries: Shawn@OrangeLineCondo.com
Shawn Battle
Licensed in VA, MD and D.C.
Orange Line Condo
Shawn@OrangeLineCondo.com
Century 21 Redwood Realty
1934 Wilson Blvd, Arlington, VA 22201
https://www.youtube.com/watch?v=cXgZFJVRbug