U.S. real estate going global

The U.S. real estate industry has increasingly global ties, according to a report by researchers at the University of California, Berkeley, with residential brokerage companies, developers and others pursuing international expansion in fast-growing markets.

"Globalization of the real estate industry is now a fact of economic life," according to the report. "U.S. firms, along with firms from many other countries, find themselves facing major opportunities and challenges in the suddenly global real estate market."

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