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Wednesday 15 June 2011

Foreigners Make Run on US Housing Market

Published: Wednesday, 15 Jun 2011 | 11:12 AM ET
By: Diana Olick
CNBC Real Estate Reporter
Falling home prices may be plaguing the US economy, but they are candy to foreign investors, who already have a weak dollar on their side.
Buyers from overseas spent roughly $41 billion on US residential real estate last year, a bump up from the previous year. US real estate agents report a surge this Spring especially, as foreign buyers see continued pressure on home prices and ample bargains.

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