Could Property Related Stocks Falling in China Benefit the USA?
By Les & Sarah Oswald, Broker, Realtor and Investor
(Realty One Group)
Could Property Related Stocks Falling in China Benefit the USA? The reason property related stocks fell on Monday in China is due to the Chinese government announcing measures that are designed to cool down the hot housing market in some cities in that country. Due to steep rises in property prices, higher down payments are now required. Mortgage rates on second homes also increased. On top of all that, there is now a 20% capital gains tax on existing home sales. Could this benefit our market however as more cash buyers may be looking else where to invest real estate money? We are already seeing many cash buyers coming from this area of the world as there is a great opportunity right now awaiting investors to take advantage of the present rebound in real estate prices in the US...
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