Will Foreign Real Estate Buyers Push Out Domestic Ones?

June 12, 2012

Source: US News

With the extra competition now coming from abroad, will domestic buyers be pushed out or priced out by foreign buyers? At this point it’s not likely, says Luis Vergara, director at financial services firm Mission Capital Advisors. Although he’s seen an uptick in sales to foreign buyers in his home market of New York City, overall international buyers still make up a relatively small percentage of total sales.

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