I don't know if I would use the word unusual to describe the amount of foreign cash because to me investing in US real estate makes perfect sense (of course I understand what you're saying). I've been doing a lot of research on foreign investment lately and it is definitely on the rise. And it extends far beyond Chinese investors, although they are known for their more geographically concentrated investments. But Canada, Norway, Singapore, India, and a handful of others are the other heavy hitters in foreign acquisitions right now. 

Not sure they know how to find Erie, PA

I have many US Buyers wanting to purchase in Canada with what is happening in the US.  The grass is always greener over the septic tank is how I look at it.

Not unusual, it's been common in our market for quite some time.   Of course, many people think that just saying "California" as part of the conversation makes the rest of the discussion "unusual".

Not here in north Florida... but southwest and southeast Florida are floating in foreign cash.

The majority of foreign cash seems to be focused on the coasts! Florida, especially Miami has been a big beneficiary!

I haven't noticed a change here and we even have a huge Korean Tire plant under construction and they are not investing for the most part.

It's been happening for some time now in my area. It's now the norm.

No John, perhaps we are too far from the coast.  I have yet to see a foreigner buying cash around here.

Out here, that's been going on for a LONG time.  Several large corporations, some funded by the government, buying homes and turning them into rentals... then putting rental backed securities on the stock market.

Just a few Canadians in Florida, Sandy is working with two from Asia right now.

I haven't seen it yet, but we are in our slow season. It would not surprise me that more will appear after our election and they test the political climate here depending on where they are from and where they want to live.

We have a lot of foreign investors, many who pay cash.  This has not changed for years as the Greater Toronto Area is a premier destination for immigrants and foreign investors.

No, but a great deal of out of state buyers are showing up

John,

I would love to have source of this information.   Thanks.  A

Someone has to buy up detroit and try to rebuild it. Could be Chinese investors have some business plans for the area! Haven't noticed a lot around here, but i know there are many foreign buyers/investors in Virginia area.

No, Oklahoma has not been a state for expensive purchases, but we do have forighn investors for rental homes. The majority of foreign buyers are in Florida, Texas, Arizona, California, and New York, and the sales are down nationwide. Check the report on realtor.org.

It beats investing in their own country. No I have not noticed it.

John, I think you're right.  We look better to the rest of the world than we do to ourselves!

They need to put their money in real estate vs Wall st. Enjoy the ride.

no

Haven't noticed that here...

Those with cash are doing well, thse that need cash are having trouble getting it. The properties needing the most work are selling, but at a great discount. Those homes in good condition and good areas, sell as fast as i can list them for market value or even above. 

Nah, actually less than I have in the past

No. We always have foreign buyers in the DC area market.

Nope. In fact I miss international buyers a lot.

If anyone wants to invest in Los Angeles hood, I'm always available, willing and ready to assist! 

actually not much at all.

Not in ,my market. 

No more than usual.

I rarely see foreign buyers with or without cash.

None at all

Never had many to start...

No, I have not noticed at our company.

Very hard to tell if they are foreign or not. My impression is many cash buyers are American citizens.  Non US citizens interested in very selective municipalities.  SF-Russian Hill, PA, new tall malls.  

Will not see it in downtown Oakland, Pittsburgh, Richmond for sure....

-Refer to Alexandra's statement. She is on the right track. 

No, I haven't noticed it around here.