Anonymous ID: 358a62 Dec. 13, 2020, 12:04 a.m. No.12005992   🗄️.is 🔗kun   >>6013 >>6016 >>6027 >>6133 >>6196 >>6221

Foreign U.S. Home Sales Shatter Records2017

Foreign investment in U.S. real estate has surged to a new high, with property expenditures skyrocketing 49 percent over the past year, according to the National Association of REALTORS®’ 2017 Profile of International Activity in U.S. Residential Real Estate.

 

Nearly half of all foreign sales were in three states: Florida, California, and Texas.

 

Between April 2016 and March 2017, foreign buyers and recent immigrants purchased $153 billion of residential property. That surpasses a previous 2015 high of $103.9 billion.

 

In that time, 284,455 U.S. properties were purchased by foreign buyers, up 32 percent from 2016, NAR’s report notes.

 

“The political and economic uncertainty both here and abroad did not deter foreigners from exponentially ramping up their purchases of U.S. property over the past year,” says Lawrence Yun, NAR’s chief economist. “While the strengthening of the U.S. dollar in relation to other currencies and steadfast home-price growth made buying a home more expensive in many areas, foreigners increasingly acted on their beliefs that the U.S. is a safe and secure place to live, work, and invest.”

 

Who’s Buying?

 

China buyers continued to hold the highest sales dollar volume for the fourth straight year. However, Canadian buyers’ investments in U.S. properties saw a significant uptick. Transactions from Canadians totaled $19 billion, which is a new high for Canadian buyers in the U.S.

 

Yun says the increase in activity from Canadian buyers is mostly because they have been targeting property in some of the priciest markets in the U.S., yet those prices still remain more affordable than their native land. Some cities in Canada, including Vancouver and Toronto, have seen prices escalate even faster than U.S. prices in recent months.

 

“Inventory shortages continue to drive up U.S. home values, but prices in five countries, including Canada, experienced even quicker appreciation,” Yun says. “Some of the acceleration in foreign purchases over the past year appears to come from the combination of more affordable property choices in the U.S. and foreigners deciding to buy now knowing that any further weakening of their local currency against the dollar will make buying more expensive in the future.”

 

Foreign buyers, on average, paid $302,290 for a U.S. property—9 percent higher than 2016’s median sales price and higher than the sales price of all existing homes sold during that period ($235,792). About 10 percent of foreign buyers purchased a property for more than $1 million. Forty-four percent of transactions were all-cash purchases, down slightly from 50 percent in 2016, according to NAR’s report.

 

Yun says he believes the expanding U.S. and global economies will keep foreign demand high for American properties. The main challenges, however, will remain the shortage of homes for sale in the U.S. and economic and political headwinds that could curb sales activity to foreign buyers in the U.S.

 

“Stricter foreign government regulations and the current uncertainty on policy surrounding U.S. immigration and international trade policy could very well lead to a slowdown in foreign investment,” Yun says.

 

https://magazine.realtor/daily-news/2017/07/19/foreign-us-home-sales-shatter-records

Anonymous ID: 358a62 Dec. 13, 2020, 12:14 a.m. No.12006032   🗄️.is 🔗kun   >>6133 >>6196 >>6221

https://www.statista.com/topics/4455/foreign-property-investment-in-the-us/

 

And this ones behind a $39 paywall only got the first one screen shot before cookies and paywall crap.

Anonymous ID: 358a62 Dec. 13, 2020, 12:48 a.m. No.12006147   🗄️.is 🔗kun   >>6149

4 stabbed in skirmishes at DC protests, while 1 person shot at clashes in Washington state..

Violent clashes between pro-Donald Trump protestersandBlack Lives Matter supporterson both sides of the country ended in bloodshed on Saturday.

 

https://abcnews.go.com/US/shot-competing-protesters-clash-washington-state/story?id=74697209

 

In Washington, D.C., four people were stabbed as violence escalated Saturday night following competing protests during the day. The president's supporters, including the far-right Proud Boys, had gathered in the afternoon to denounce the results of the 2020 election – baselessly decried as fraudulent for weeks by Trump.

 

Meanwhile, across the country in Olympia, Washington, a person was shot during similar protests on Saturday.

 

https://abcnews.go.com/US/shot-competing-protesters-clash-washington-state/story?id=74697209

 

Trump protestors ….Blm supporters? I’m a little confused.. abcnews

Anonymous ID: 358a62 Dec. 13, 2020, 12:53 a.m. No.12006164   🗄️.is 🔗kun   >>6184 >>6196 >>6221

China’s central bank vowed to improve its oversight of the nation’s bond credit rating industry following a series of defaults by state-backed firms.

 

People’s Bank of China deputy governor Pan Gongsheng said problems in the industry included inflated credit ratings, according to a statement on the PBOC’s website dated Sunday. Ratings companies should work hard to improve their capabilities and quality of work, he said.

 

The statement was released following a meeting on Friday that also involved officials from the National Development and Reform Commission, China Banking and Insurance Regulatory Commission, and China Securities Regulatory Commission. The statement didn’t say what specific measures the central bank would take.

 

A $2.5 Billion Default Shows China’s Lack of Mercy for Firms

 

A series of state-owned enterprises have defaulted on debt in recent weeks, including Brilliance Auto Group Holdings Co., an automaker linked to BMW AG. Speculation has increased that Beijing will let weaker SOEs fail, especially as the economy recovers from the pandemic-driven slump.

 

https://www.bloomberg.com/markets/fixed-income