U.S. Is Popular with Foreign HomebuyersEven though banks are making it harder for people in the U.S. to borrow money, when it comes to buying homes, the United States is still very popular with foreign buyers. According to the National Association of Realtors, international purchases increased by $16 billion this year. Owning a home in America seems to be a profitable investment for many people, since the home prices are low due to the economy and real estate bust. The inventory of homes is high and the U.S. is seen as a safe country across its various states.
With such great conditions to buy, domestic homebuyers are also taking advantage of this market. Lower prices, foreclosures, incentives are all factors that make buying a home today a really good idea compared to previous years. In fact, cash home purchasers make up one third of all real estate sales. 62% of international purchases were all cash. This number is higher than for domestic all cash purchasers because of the differences in international credit reporting. In a survey done by the National Association of Realtors called the 2011 International Home Buying Activity, realtors have found out new factors that influence foreign home buying. For example foreign executives working temporarily in the U.S. as well as international students prefer to buy instead of renting a home. 28% of realtors in 2011 were working with a foreign client. Most buyers come from Canada and China.
If you’re an international or domestic homebuyer moving into the Raleigh area and its surroundings, trust All My Sons of Raleigh to help you with your moving services. Our Raleigh moving specialists are backed by four generations of moving experience, not to mention All My Sons and Moving Storage companies across the U.S. The Raleigh local movers have experience moving individuals and families from condos to apartments homes and even commercial moves. The Raleigh movers will quilt-pad wrap your furniture and appliances so your personal belongings don’t get damaged. Your move will be efficient and hassle – free.
For more advice on having a smooth move, check out all the moving-related articles posted on our website. You can look for moving checklists, where to find packing supplies and moving boxes, design ideas for when you get settled into your new home and a host of other moving topics. On the All My Sons of Raleigh website you can also get a free moving quote so you can have an idea of how affordable your move will be. Happy moving!