Word has it (or at least the newspapers are reporting) that due to the difference in the US Dollar versus the Euro and the Pound, that foreign buyers are keeping the market up.
We’ve always had a good number of foreigners buying here. I think it’s just the in fashion hype to say that “the europeans are simply breaking the door down”… makes one seem so “in the know”.
UrbanDigs.com had a post about the subject today – see it here.
Ito the Box TV had a video on it as well, see it below. md
click HERE to se the video
6 comments
December 3, 2007 at 10:42 pm
Chris Heath
With the dollar so low at the moment, its a great opportunity for foreign buyers to get a slice of American pie.
April 17, 2008 at 4:13 am
Alec Bobdon
There’s definitely an opportunity to invest in the US, with the value of the dollar being low, but investors need to get their timing right as prices are still on the downturn.
April 17, 2008 at 6:36 am
Michael Daly
Actually Alec, prices here in the Hamptons appear to be stabalizing. While we have seen price reductions in certain segments (under $5M), they are now being bouyed by the sprin season and the rental season, where we have Memorial Day to Labor Daly summer rental prices that range from $10,000 to $1,000,000. md
April 30, 2008 at 10:11 pm
Alec Bobdon
So are you saying that now is a good time, or should one wait until after the spring and rental season to buy??
May 1, 2008 at 6:56 am
Michael Daly
with the ‘tone’ on wall street improving and the dollar stabalizing, I’d say pull the trigger now.
June 11, 2008 at 4:55 am
Alec Bobdon
I don’t think there is an estate agent in the world that wouldn’t answer “Buy now” if the question was, “Should I buy now?”