Tuesday, July 18, 2017

Asian rebalance, alive and well

Foreigners snap up record number of US homes

  • Foreign buyers closed on $153 billion worth of U.S. residential properties for the 12 months ended in March.
  • That marks a 49 percent jump from 2015-2016, according to the National Association of Realtors.
  • Florida, Texas and California drew the most international buyers.

This could be the difference between a recession and muddling through with a 1.5% growth. Like a white swan, but goes away quickly when the ten year yield pops.

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