Tag: Real Estate Saturday: July 12 2014
Real Estate Saturday: July 12, 2014
by admin on Jul.12, 2014, under Real Estate
++ Foreigners Buying Up American Real Estate
++ Real Estate Valuation Websites Differ Greatly
++ FAA Has Commercial Drone Regulations Backwards
++ Off the Grid in a Florida Suburb, Fighting Municipal Code
++ Bathroom remodeling should start at the studs
++ Zombie houses haunt the market
++ Phoenix: Largest drop in homeownership in U.S. cities
++ Housing market is a ‘crapshoot’
Yes. It is. And if you read further than the headlines you’ll know why. Nearly 45% of real estate sales that are being reported as some sign of a real estate “recovery” are actually reporting all cash sales – from foreign buyers. In Florida, Texas, California and Arizona: International Home Buyers Cashing in on U.S. Market – it’s 55%.
This is creating an impression that does not really exist – at least not for US home buyers – and if the government is using this info to show a sign of economic recovery, then you’ll know you’re being manipulated yet again.