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Foreign Buyers

All articles tagged with #foreign buyers

economy2 years ago

"Ray Dalio Warns of Looming Debt Crisis as U.S. Reaches Inflection Point"

Ray Dalio, founder of Bridgewater Associates, warns that the soaring U.S. government debt is reaching a critical point where it will exacerbate political and social problems. The need to borrow more to cover deficits, coupled with a decrease in foreign buyers of U.S. Treasurys, creates a supply-demand problem. The U.S. is currently $33.7 trillion in debt, with $26.7 trillion owed by the public. Dalio emphasizes the importance of a financially strong country and warns that the situation is nearing an inflection point where the debt problem will quickly worsen.

via CNBC|
#economic-problems#economy#foreign-buyers
real-estate2 years ago

Decline in Foreign Buyers Hits U.S. Housing Market to Record Low

International buyers are pulling back from the U.S. housing market due to high mortgage rates, soaring home prices, limited supply, and a strong dollar. From April 2020 to March 2021, international purchases of homes dropped by 14%, reaching the lowest number since 2009. However, the median price of homes purchased by foreign buyers reached a record high of $396,400. China, Mexico, Canada, India, and Colombia were the top five countries of origin for international buyers. Chinese buyers, in particular, saw a significant increase in purchases, with many aiming to become American residents and citizens. While foreign sales dropped overall, they still remain a small percentage of all buyers.

via CNBC|
#foreign-buyers#home-prices#mortgage-rates
real-estate2 years ago

Singapore's Property Sector Faces Freezing Measures and Pushback with Latest Cooling Measures.

Singapore has raised levies on private property purchases, including a doubling of stamp duties for foreigners to 60%, in a surprise move to cool the market. The government said the new rates would impact about 10% of private property transactions. Analysts expect the largest impact to be felt by foreign buyers of luxury properties. Policymakers are growing concerned that foreign investors increasingly see Singapore property as a hot asset class, squeezing out locals. While prices may slow for a while, the super-rich may continue to buy, keeping prices elevated.

via Reuters|
#foreign-buyers#luxury-properties#property-market
finance2 years ago

Why the Dollar's Dominance is Here to Stay.

Strategists at the Carson Group believe that the US dollar will remain the dominant global reserve currency due to the world's confidence in the US, the dollar's dominance in trade and international finance, and the US's willingness to maintain massive trade deficits. The US's trade deficit leaves foreign buyers holding onto a heap of dollars that it needs to put somewhere, and they often turn to US treasuries or hold USD in cash, which are liabilities of the US government that the US is more than willing to issue.

via Business Insider|
#finance#foreign-buyers#global-trade