Brexit may have given a lift to the U.S. housing market by putting downward pressure on mortgage rates. But a study conducted on behalf of Inman suggests it’s also had a cooling effect on international interest in U.S. real estate, particularly from two of the largest sources of foreign demand: Britain and Germany.
Declining foreign homebuyers in the U.S. became a concern this year, given the strengthening U.S. dollar, presidential election, Brexit and Department of Treasury’s luxury cash-buyer rules. However, a report from the Texas Association of Realtors (TAR) shows international activity increasing across the nation and in the Lone Star State specifically.
How does a top luxury residential real estate brokerage — with 430 agents who speak over 15 languages — find common ground among clients? A video that came out in July from Surterre Properties somehow does just that.