Industry News

Foreign buyers, trade-ups are where the money’s at

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: This is the second of a two-part series. Read Part 1. What are the trends that will influence your business now and throughout the rest of 2012? More importantly, what steps can you take to capitalize on these trends to build increase your profitability? Part 1 of this series outlined four key trends that are critical to the profitability of your business. If you want to get the jump on the competition, here are four more important trends to consider. 5. Foreign buyers binge on U.S. homes The U.S. housing market appears to have hit bottom in most places. Part of what is driving the recovery is the number of foreign buyers. With the uncertainty of the euro, potential bankruptcies of large countries such as Greece, Spain and Italy, as well as the substantial tax increases in France, capital is looking for safe havens. As a result, international sales volume in the U.S. is predicted to be at $82.5 billion for 2012, representing a 24 percent increase from ...