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John DL Arendsen, Crest Backyard Homes "ADU" dealer & RE Developer (CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments)

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Rainer
66,409
Kartik Subramaniam
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

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. 

Jul 13, 2016 01:45 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Not sure they know how to find Erie, PA

Jul 13, 2016 01:37 AM
Ambassador
1,463,869
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

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.

Jul 13, 2016 01:09 AM
Rainmaker
4,597,661
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

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".

Jul 13, 2016 01:05 AM
Ambassador
2,684,929
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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

Jul 13, 2016 12:22 AM
Rainmaker
5,273,962
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

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

Jul 13, 2016 11:12 PM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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.

Jul 13, 2016 01:21 PM
Ambassador
3,355,659
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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

Jul 13, 2016 11:59 AM
Ambassador
6,455,199
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

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

Jul 13, 2016 10:11 AM
Rainmaker
1,510,303
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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.

Jul 13, 2016 04:34 AM
Rainmaker
1,731,527
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

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

Jul 13, 2016 02:25 AM
Rainmaker
823,679
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

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.

Jul 13, 2016 02:05 AM
Rainmaker
1,157,791
FN LN
Toronto, ON

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.

Jul 13, 2016 01:22 AM
Rainer
60,021
Coal Infantino
Coldwell Banker - York, PA
Realtor specializing in south central PA

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

Jul 13, 2016 01:11 AM
Rainmaker
5,773,781
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

John,

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

Jul 13, 2016 12:44 AM
Rainmaker
916,968
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

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.

Jul 13, 2016 12:26 AM
Rainmaker
1,713,076
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

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.

Jul 13, 2016 12:14 AM
Rainmaker
1,851,201
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

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

Jul 13, 2016 12:10 AM
Ambassador
3,754,043
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

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

Jul 13, 2016 12:09 AM
Rainmaker
1,617,976
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

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

Jul 14, 2016 12:23 AM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Jul 13, 2016 11:36 PM
Rainmaker
3,071,860
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Haven't noticed that here...

Jul 13, 2016 10:01 PM
Rainmaker
3,416,088
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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. 

Jul 13, 2016 09:49 PM
Rainmaker
993,552
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Nah, actually less than I have in the past

Jul 13, 2016 09:08 PM
Rainmaker
7,902,698
Roy Kelley
Retired - Gaithersburg, MD

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

Jul 13, 2016 08:31 PM
Rainmaker
1,629,080
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

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! 

Jul 13, 2016 05:52 PM
Ambassador
3,174,834
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

actually not much at all.

Jul 13, 2016 03:24 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Not in ,my market. 

Jul 13, 2016 02:41 PM
Rainmaker
5,063,604
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

No more than usual.

Jul 13, 2016 12:37 PM
Rainmaker
2,443,255
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I rarely see foreign buyers with or without cash.

Jul 13, 2016 12:11 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

None at all

Jul 13, 2016 11:46 AM
Rainmaker
5,134,708
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Never had many to start...

Jul 13, 2016 07:23 AM
Ambassador
736,752
John DL Arendsen
CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments - Leucadia, CA
Crest Backyard Homes "ADU" dealer & RE Developer

All the better and good for you Coal Infantino 

Jul 13, 2016 02:24 AM
Rainmaker
4,931,605
Richard Weeks
Dallas, TX
REALTOR®, Broker

No, I have not noticed at our company.

Jul 13, 2016 12:14 AM
Rainmaker
1,244,589
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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. 

Jul 13, 2016 11:30 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, I haven't noticed it around here.

Jul 13, 2016 03:14 AM