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Foreign Buyers Drive Florida's Housing Recovery

As Reported By BloombergBusinessWeek
Posted by David Lopez, CBR on August 23, 2013 in  2013  BusinessWeek  Foreign Investment  Home Sales  Market Trends
By Toluse Olorunnipa     August 22, 2013   Nicole Kenaston’s dreams of owning a home in Miami keep getting dashed. The 32-year-old federal government worker says she’s bid on at least five houses in the past three years and each time lost out to an overseas buyer paying cash. “I’ll find a place I like and can get financing for, and the all-cash buyers will come in and pay above market for it,” says Kenaston. “It’s heartbreaking.”   Foreign investment in Florida real estate—a... read more
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