Foreign buyers nabbing U.S. real estate

We in the United States are sick of residential real estate. And why not? Housing prices are falling, sales times are longer and foreclosures are rising. What’s not to be sick of?

But foreign investors still love the U.S. residential real estate market, at least according to this story by Aleksandra Todorova for the Wall Street Journal. According to the story, one in five real estate agents surveyed by the National Association of Realtors sold homes to international clients from April of 2006 to the same month this year.

Why is U.S. real estate so popular among foreign buyers? Probably because many foreign buyers think U.S. real estate is cheap these days.

So there is a bright spot in the U.S. market. You just have to know where to look for it.