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Housing Market Snapshot: Why Is Foreign Investment Declining?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago August 6, 2020 1,233 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreign Investment global investment National Association of Realtors About Author: Andy Beth Miller Home / Daily Dose / Housing Market Snapshot: Why Is Foreign Investment Declining? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Andy Beth Miller is an experienced freelance editor and writer. Her main focus is travel writing, and when she is not typing away from her computer at her home in the Hawaiian Islands, she is regularly roaming the world as a digital nomad, and loving every minute of it. She has been published in myriad online and print magazines, is a fan of all things outdoors, and finds life (and all of its business, technological, and cultural facets) fascinating in their constant evolution. She is excited to spectate as the world changes, and have a job that allows her to bring a detailed account of those constant shifts to her readers at home and abroad. Sign up for DS News Daily Previous: Customer Experience: Listen, Experiment & Measure Next: Carson Announces HUD Will Resume Physical Inspectionscenter_img Housing Market Snapshot: Why Is Foreign Investment Declining? The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share 1Save The Best Markets For Residential Property Investors 2 days ago Foreign Investment global investment National Association of Realtors 2020-08-06 Christina Hughes Babb The National Association of Realtors (NAR) recently released results from a survey, which showed America experienced a 5% decrease in annual foreign investment in home sales. According to survey data, foreign buyers invested $74 billion in the direct purchase of existing homes during the year spanning April 2019 through March 2020. This represents a 5% fall from one year ago and also marks the second year in a row that there was a decline in foreign investment in United States residential real estate. NAR Chief Economist Lawrence Yun commented on the decline, citing possible factors attributing to it: “Foreign buyers and recent immigrants have become less of a force in the United States housing market over the last couple of years. A lack of housing inventory–the primary factor hindering domestic buyers–is also holding back some foreign buyers. Additionally, less cross-border travel, falling international trade and fewer foreign students attending American universities are impacting foreign homebuyers.”Other statistics highlighted in NAR’s report included the fact that China and Canada ranked among the top two spenders in America’s residential sales dollar volume, posting $11.5 billion and $9.5 billion, respectively. This duo has managed to maintain these top positions since 2013.  Fast on China and Canada’s heels were Mexico ($5.8 billion), India ($5.4 billion), and Colombia ($1.3 billion). Among these top five spenders, China was the only one that spent less than the year prior (down from $13.4 billion last year to $11.5 billion this year). The major “upset” within this group was Columbia, which ousted the United Kingdom from its previous fifth place roost. Yun also shared his predictions for what to expect in the coming days: “In the upcoming year, better opportunities may become available for foreign buyers in large cities like New York and San Francisco. New patterns of domestic migration are trending away from expensive cities to more affordable suburbs and small communities because of the pandemic and greater work-from-home possibilities.”  Subscribelast_img read more

Donegal has country’s 3rd highest rate of fuel poverty

first_imgHomepage BannerNews Previous articleUp to fifty children involved in school bus crash in Co TyroneNext articleCouncillor says those with bad water should block water meter installation admin Twitter By admin – September 22, 2014 448 new cases of Covid 19 reported today RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly Google+ Pinterest Twitter Pinterestcenter_img Donegal has country’s 3rd highest rate of fuel poverty Figures published this morning show almost 22 thousand people in Donegal are in receipt of the winter fuel allowance.Only Cork and Dublin have higher figures.The figures were released by Energy Action ahead of its annual conference which will take place at Croke Park on 6th October 2014.Energy Action describes itself as a not-for-profit pioneer in the field for over 20 years.Jane Barry of Energy Action says people need to focus on saving fuel:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/09/energ1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ Facebook WhatsApp News, Sport and Obituaries on Wednesday May 26th WhatsApp Help sought in search for missing 27 year old in Letterkenny Nine Til Noon Show – Listen back to Wednesday’s Programme Facebooklast_img read more