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According to the National Association of Realtors, foreign buyers accounted for $82.5 billion spent in the residential real estate market for the twelve month period ending in the first quarter. That equals about 8.9% of all residential real estate transactions. Investors from Canada, Asia, Europe, and Latin America are all eager to invest their money into U.S. real estate. The weakness of the U.S. dollar compared to some currencies is an additional market factor as to why some investors like the odds of what some claim to be a “risky bet”. Recently SI Real Estate has seen an increase in rentals which stems somewhat from the hesitant nature of Americans when it comes to home buying. With rental rates increasing, investors will be presented with an even more favorable outlook when it comes to their returns on buying a home and turning the keys over to someone else to manage. Savvy foreign investors are beginning to invest their money for real estate in cities or areas with highly desirable rentals located in a walking friendly environment. More and more renters are looking to cut expenses, and gas is a major one. Cities with good “walking scores” like Tampa, Florida’s Hyde Park, Westshore, Channelside, and Westchase are target markets for these investors. Whether you are a prospective home buyer or a foreign investor, the best time to buy is quickly passing. Why wait until mortgage rates climb from the near historical low rates we are all enjoying now? With mortgage applications rates being the highest they have been since 2009 and inventory finally diminishing, your opportunity is now. Contact SI Real Estate for more information on how you can become a home owner in the most opportune of real estate markets. SI Real Estate offers highly personalized, multilingual, full-spectrum real estate purchase and sales services. We are a boutique for sophisticated investors, select owners or renters who may be upgrading locally, or those making traditional relocations. We also provide turnkey landlord and tenant management. Blending comprehensive insight into the Tampa Bay area with international perspectives for a worldwide clientele, we like to think that “SI Real Estate is Global Real Estate in Every Way!”
Showing posts with label foreign. Show all posts
Showing posts with label foreign. Show all posts
Monday, June 18, 2012
1:39 PM
Unknown
According to the National Association of Realtors, foreign buyers accounted for $82.5 billion spent in the residential real estate market for the twelve month period ending in the first quarter. That equals about 8.9% of all residential real estate transactions. Investors from Canada, Asia, Europe, and Latin America are all eager to invest their money into U.S. real estate. The weakness of the U.S. dollar compared to some currencies is an additional market factor as to why some investors like the odds of what some claim to be a “risky bet”. Recently SI Real Estate has seen an increase in rentals which stems somewhat from the hesitant nature of Americans when it comes to home buying. With rental rates increasing, investors will be presented with an even more favorable outlook when it comes to their returns on buying a home and turning the keys over to someone else to manage. Savvy foreign investors are beginning to invest their money for real estate in cities or areas with highly desirable rentals located in a walking friendly environment. More and more renters are looking to cut expenses, and gas is a major one. Cities with good “walking scores” like Tampa, Florida’s Hyde Park, Westshore, Channelside, and Westchase are target markets for these investors. Whether you are a prospective home buyer or a foreign investor, the best time to buy is quickly passing. Why wait until mortgage rates climb from the near historical low rates we are all enjoying now? With mortgage applications rates being the highest they have been since 2009 and inventory finally diminishing, your opportunity is now. Contact SI Real Estate for more information on how you can become a home owner in the most opportune of real estate markets. SI Real Estate offers highly personalized, multilingual, full-spectrum real estate purchase and sales services. We are a boutique for sophisticated investors, select owners or renters who may be upgrading locally, or those making traditional relocations. We also provide turnkey landlord and tenant management. Blending comprehensive insight into the Tampa Bay area with international perspectives for a worldwide clientele, we like to think that “SI Real Estate is Global Real Estate in Every Way!”Monday, January 16, 2012
11:54 AM
Unknown
When it comes to foreign investors searching for a lucrative real estate return, Florida ranks number one in the US, especially among Cubans, Haitians, and Colombians. The National Association of Realtors data shows that almost a third of all home purchases in Florida, come from foreign residents. With the constant struggles of qualifying for mortgages these days in the US, many of these foreign investors are in a better position because they are cash buyers. Many Cubans see investing in Florida as a safe bet because the concept of owning real estate is still a novelty to them. Now that direct flights to and from Cuba are in full swing, the Tampa Bay area can expect to see an increase in Cuban interest. There are currently about 80,000 Cuban Americans in the Tampa Bay area, all of which are excited that they do not have to travel to Miami for a flight to the island.
Another factor that may increase investor activity is the number of home foreclosures in 2011. Down almost 34% from the previous year’s numbers, foreclosures are no longer impeding the progress of the Tampa Bay housing market. More short sales are being signed off on, which are attractive options for foreign cash buyers.
With a drop in inventory and median sales price for homes up about $10,000 from last January’s records, there are definitely some areas to capitalize on, as realtors and investors.
Friday, December 31, 2010
9:54 AM
Unknown
2010 has been an exciting year for the real estate market in the Tampa Bay area. SI Real Estate has reported the year’s real estate events on our weekly blog to keep our readers abreast of our ever changing real estate market. Major notable factors in the real estate market came into play producing a fast paced year of sales. The extension of the 2009 First Time Home Buyers Tax Credit into 2010 fueled the market for the first portion of the year. REO (bank owned) properties sold just as quickly as they came on the market, many seeing multiple offer situations. A huge influx of foreign investors getting into the real estate action here in Tampa and in many places across the country caused an interesting adjustment to the home buyer pool. Interest rates hovered at near record lows for the entire year. Wow! No wonder the year went by so fast.
SI Real Estate hopes you have had a prosperous year, and looks forward to continuing to report Tampa Bay’s real estate news and events to you in 2011.
Happy New Year to our friends, families, colleagues and clients. Be safe, be at peace. May 2011 be your best year yet!
SI Real Estate hopes you have had a prosperous year, and looks forward to continuing to report Tampa Bay’s real estate news and events to you in 2011.
Happy New Year to our friends, families, colleagues and clients. Be safe, be at peace. May 2011 be your best year yet!
Friday, December 17, 2010
11:48 AM
Unknown
This has been an exciting year in the real estate market in Tampa, Florida. The real estate market moved at a fast pace in the first half of the year when the federal government decided to extend the 2009 Homebuyer Tax Credit. Originally, the tax credit was to end on November 30, 2009. However, the 2009 First Time Home Buyer Tax Credit was extended so that those with a binding contract on or before April 30, 2010 and closing on or before June 30, 2010 would be able to take advantage of this fantastic opportunity to become a homeowner. This fueled the real estate market in a big way.
Another major force in the real estate market this year has been the abundance of REOs (bank owned) properties that were for sale on the market. These properties sold just about as quickly as they were listed. Not only did they sell quickly, but they received multiple offers which caused an interesting bidding situation for all involved parties. This resulted in a serious reduction in the housing inventory which has been important to bringing pricing stability to the real estate market.
One cannot look at the past year without mentioning the force and affect of foreign investors on our market. International investors swarmed to buy properties in Florida and across the nation. The bloated inventory of homes combined with high unemployment and a weak currency created an incredibly attractive buyer’s market for the savvy international investor. Rather than investing in the stock market, many international investors purchased property and reaped immediate financial rewards for doing so.
Several factors have been at play in the real estate market in 2010. Tax incentives for first time home buyers and move-up/repeat home buyers, record high affordability in housing prices, near record low mortgage interest rates, and an influx of foreign investors, all combined have been and will continue to be critical to the housing and overall economic recovery.
SI Real Estate has had a fantastic year in 2010 and is excited about the upcoming year and opportunities in the real estate market. Are you interested in getting a piece of the real estate action? Give us a call at (813) 631-5144 any time.
Another major force in the real estate market this year has been the abundance of REOs (bank owned) properties that were for sale on the market. These properties sold just about as quickly as they were listed. Not only did they sell quickly, but they received multiple offers which caused an interesting bidding situation for all involved parties. This resulted in a serious reduction in the housing inventory which has been important to bringing pricing stability to the real estate market.
One cannot look at the past year without mentioning the force and affect of foreign investors on our market. International investors swarmed to buy properties in Florida and across the nation. The bloated inventory of homes combined with high unemployment and a weak currency created an incredibly attractive buyer’s market for the savvy international investor. Rather than investing in the stock market, many international investors purchased property and reaped immediate financial rewards for doing so.
Several factors have been at play in the real estate market in 2010. Tax incentives for first time home buyers and move-up/repeat home buyers, record high affordability in housing prices, near record low mortgage interest rates, and an influx of foreign investors, all combined have been and will continue to be critical to the housing and overall economic recovery.
SI Real Estate has had a fantastic year in 2010 and is excited about the upcoming year and opportunities in the real estate market. Are you interested in getting a piece of the real estate action? Give us a call at (813) 631-5144 any time.
Thursday, October 28, 2010
9:56 AM
Unknown
The word is out…real estate in Tampa Bay and around Florida is a hot commodity for foreign investors! Not only is the weather hot in Tampa, Florida, so is the real estate market. International investors from Argentina, Canada, Colombia, France, Israel, Italy, Norway and Venezuala are swarming to Florida for what they see as irresistible real estate deals.
According to msnbc.com’s recent article, Foreign Investors Not Scared of Housing Market, “For the international investor class, the United States’ bloated inventory of homes, high unemployment and weak currency make for an unusually attractive buyer’s market.”
Peter Zalewski, founder of Condo Vultures, a consulting and brokerage firm stated, “I have never seen such a high concentration of foreign nationals acquiring real estate. Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.” And Miami is not the only “hot spot” for international real estate investors. Surges have been seen in Tampa, Washington, New York, Las Vegas, Los Angeles and San Francisco.
A recent National Association of Realtors report points to this trend as well. 28 percent of brokers reported they had worked with at least one international client, up from 23 percent a year ago. Among these, 18 percent had completed at least one sale, compared with 12 percent in the 2009 report.
These international investors are choosing to invest in real estate rather than in the stock market. The math is easy and seductive for foreign investors who pay with cash as there deals start making money for them right away. Interestingly, due to the fire sale prices in the United States, real estate is now within the reach of the global upper-middle class, and no longer just for the wealthiest of investors.
The reduction in inventory is a very positive outcome for our real estate market as it will ultimately aid in the overall stabilization of the economy. “It’s a positive in a sea of negatives,” says Jonathan Miller, chief executive of Miller Samuel, a real estate consulting firm in New York.
To learn more about how international real estate investing or to become one of those taking advantage of a fantastic buyer’s market, please call SI Real Estate today. SI Real Estate is “Global Real Estate in Every Way!”
Call us at (813) 631-5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at www.SIRealEstateInvestments.com
According to msnbc.com’s recent article, Foreign Investors Not Scared of Housing Market, “For the international investor class, the United States’ bloated inventory of homes, high unemployment and weak currency make for an unusually attractive buyer’s market.”
Peter Zalewski, founder of Condo Vultures, a consulting and brokerage firm stated, “I have never seen such a high concentration of foreign nationals acquiring real estate. Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.” And Miami is not the only “hot spot” for international real estate investors. Surges have been seen in Tampa, Washington, New York, Las Vegas, Los Angeles and San Francisco.
A recent National Association of Realtors report points to this trend as well. 28 percent of brokers reported they had worked with at least one international client, up from 23 percent a year ago. Among these, 18 percent had completed at least one sale, compared with 12 percent in the 2009 report.
These international investors are choosing to invest in real estate rather than in the stock market. The math is easy and seductive for foreign investors who pay with cash as there deals start making money for them right away. Interestingly, due to the fire sale prices in the United States, real estate is now within the reach of the global upper-middle class, and no longer just for the wealthiest of investors.
The reduction in inventory is a very positive outcome for our real estate market as it will ultimately aid in the overall stabilization of the economy. “It’s a positive in a sea of negatives,” says Jonathan Miller, chief executive of Miller Samuel, a real estate consulting firm in New York.
To learn more about how international real estate investing or to become one of those taking advantage of a fantastic buyer’s market, please call SI Real Estate today. SI Real Estate is “Global Real Estate in Every Way!”
Call us at (813) 631-5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at www.SIRealEstateInvestments.com
Wednesday, October 13, 2010
8:40 AM
Unknown
The real estate market in Tampa, Florida and is seeing an increase in sales to foreign investors, and we aren’t the only city witnessing this spike in foreigners purchasing real estate. Florida and many states across the nation have become target markets for international investors looking for a place to invest their money. Who can blame them? Real estate prices are phenomenal, interest rates are maintaining in the low 4% range, and the strength of foreign currency in relation to the dollar make this a smart investment choice for many.
Interestingly, this swarm of foreign investors could very well be what catapults the real estate market into a long-awaited rebound. As the real estate inventory gets bought up, a natural outgrowth will be housing price stabilization. And that is good news for the real estate market! A reduction in inventory and house price stabilization along with fantastic mortgage rates will continue to spur economic recovery.
SI Real Estate works with many international investors and is well aware of this trend. In a recent article Foreigners Buying Up U.S. Property, Jack H. Levine, chairman of the board of the Miami Association of Realtors recently commented on this as well saying, “Record affordability, a wide selection of properties to choose, and an enviable lifestyle continue to attract both international and U.S. buyers.” Many know that we are definitely in a buyer’s market, but what they may not be aware of is that this is very much an international buyer’s market.
Interestingly, this swarm of foreign investors could very well be what catapults the real estate market into a long-awaited rebound. As the real estate inventory gets bought up, a natural outgrowth will be housing price stabilization. And that is good news for the real estate market! A reduction in inventory and house price stabilization along with fantastic mortgage rates will continue to spur economic recovery.
SI Real Estate works with many international investors and is well aware of this trend. In a recent article Foreigners Buying Up U.S. Property, Jack H. Levine, chairman of the board of the Miami Association of Realtors recently commented on this as well saying, “Record affordability, a wide selection of properties to choose, and an enviable lifestyle continue to attract both international and U.S. buyers.” Many know that we are definitely in a buyer’s market, but what they may not be aware of is that this is very much an international buyer’s market.
Wednesday, September 29, 2010
11:48 AM
Unknown
At SI Real Estate, we are keenly aware of the fact that international investors continue to seek to purchase real estate in Florida and in other regions in the United States. We have seen a steady influx of foreign investors who are actively investing in our Tampa Bay housing market. While some naysayers about the real estate market here in Tampa, have been sitting idly by, the global investor community are buying real estate, and making money doing it!
Some may ask, “Just who is it that is investing in our real estate market?” Well, the latest profile of international activity in the U.S. housing market published by the National Association of Realtors® has revealed many interesting figures regarding that question. Foreign Investment in U.S. Real Estate (2010) – The Stats (Realtors Report) shows the biggest finding was in the state by state breakdown of foreign purchases. The report shows that Florida had 22% of the transactions by international purchasers, California had 12%, Arizona had 11%, and Texas had 7%.
SI Real Estate has worked with international investors for many years and continues to do so. The weak dollar along with bargain-basement real estate prices in the Tampa, Florida area makes this a great place for the international investor to purchase multiple investment properties. Feel free to contact us for more information on investing in the Tampa, Florida real estate market.
Call us at 813.631.5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Some may ask, “Just who is it that is investing in our real estate market?” Well, the latest profile of international activity in the U.S. housing market published by the National Association of Realtors® has revealed many interesting figures regarding that question. Foreign Investment in U.S. Real Estate (2010) – The Stats (Realtors Report) shows the biggest finding was in the state by state breakdown of foreign purchases. The report shows that Florida had 22% of the transactions by international purchasers, California had 12%, Arizona had 11%, and Texas had 7%.
Also shown in the report is a look at the nationalities that are most prevalent in the U.S. housing market:
Another finding in this report was the breakdown of foreign purchases by purchase price. During recent years there was a lot of talk about prime property markets performing better than lower bands, but the NAR report has confirmed that this is not the case in the U.S.
“All in all the report contained few surprises, right down to the fact that most properties purchased by foreigners were cash-sales. None the less it is still good to get a look at how the market today compares with the last few years, and if anything the lack of differences between the market during the boom and during the bust is the biggest surprise.”
SI Real Estate has worked with international investors for many years and continues to do so. The weak dollar along with bargain-basement real estate prices in the Tampa, Florida area makes this a great place for the international investor to purchase multiple investment properties. Feel free to contact us for more information on investing in the Tampa, Florida real estate market.
Call us at 813.631.5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Tuesday, September 21, 2010
9:38 AM
Unknown
International buyers of real estate are purchasing homes, townhomes and all types of properties here in Tampa, Florida, and around the state. Tampa has long been known to be a destination city due to the abundance of sunshine, beautiful beaches, a world-renowned international airport, and world-class entertainment and amusement parks. Florida has a history of attracting European, Canadian and South American buyers due to its proximity to these countries. According to International Interest in U.S. Homeownership Increases, Realtors® Report, a recent article published by the National Association of Realtors®, “International buyers were reported in 39 states in 2010, but a slight majority of the total buyers are concentrated in Florida, California, Arizona and Texas. These four states account for 53 percent of purchases and have remained the top destinations for the past three years, with Florida and California remaining the top two destinations.”
“A large majority of Realtors® report the changes in value to the U.S. dollar have had a strong impact on the international real estate business. In addition, perceptions abroad about trends in the U.S. Real estate market have led many international clients to believe purchasing a home in the U.S. is more affordable than in their country and holds more value.” Many Realtors indicate that they have worked with at least one international client in the past year, which is up from 2009. Between April 1, 2009 and March 31, 2010 foreign buyers have purchased $66 billion of U.S. residential property which equates to 7 percent of the U.S. residential market.
Tampa will continue to be a strong attraction to international real estate investors as a large percentage of properties that are for sale today and that will be coming on the market will be at phenomenal prices. “The strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country.”
So, while some buyers may be sitting on the fence wondering when the real estate market will bottom out, international real estate investors are buying up Florida real estate. Those still sitting on the fence will look back and wonder, “Why did I wait so long?”
Call SI Real Estate today to find out how to invest in Tampa, Florida real estate. As our tag line illustrates, SI Real Estate is “Global Real Estate in Every Way!”
Call us at 813.631.5144 (any time!)
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Follow us on www.Twitter.com/SIRealEstateInv
“A large majority of Realtors® report the changes in value to the U.S. dollar have had a strong impact on the international real estate business. In addition, perceptions abroad about trends in the U.S. Real estate market have led many international clients to believe purchasing a home in the U.S. is more affordable than in their country and holds more value.” Many Realtors indicate that they have worked with at least one international client in the past year, which is up from 2009. Between April 1, 2009 and March 31, 2010 foreign buyers have purchased $66 billion of U.S. residential property which equates to 7 percent of the U.S. residential market.
Tampa will continue to be a strong attraction to international real estate investors as a large percentage of properties that are for sale today and that will be coming on the market will be at phenomenal prices. “The strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country.”
So, while some buyers may be sitting on the fence wondering when the real estate market will bottom out, international real estate investors are buying up Florida real estate. Those still sitting on the fence will look back and wonder, “Why did I wait so long?”
Call SI Real Estate today to find out how to invest in Tampa, Florida real estate. As our tag line illustrates, SI Real Estate is “Global Real Estate in Every Way!”
Call us at 813.631.5144 (any time!)
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Follow us on www.Twitter.com/SIRealEstateInv
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