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What We’re Reading: May 14 – May 20

Housing recovery, international buyers, and exploding watermelons

On CBS’ Face the Nation House Speaker John Boehner is “skeptical” there is “anything the government can do” to alleviate America’s housing crisis – arguing that, ultimately, “you’re not gonna have more buyers until the economy improves.”

The Wall Street Journal ran an interesting article this week on the continued growth of international players in world real estate markets:

Some of the biggest residential real-estate buyers in many cities are emerging from halfway around the globe. In London, one report finds that 65% of buyers in the luxury market hail from abroad. According to the Miami Association of Realtors, nearly 60% of all sales last year throughout the city were to buyers from foreign countries.

Have you tapped into this market? Are you prepared to work with clients from around the world? How are you getting your message out?

NAR’s annual conference takes place in Anaheim, California this coming November. In preparation, here are some fun facts about our neighbor down the street, Disneyland, that you might not know.

And you thought you had problems: China is facing a rash of exploding watermelons. Some think it’s from growth chemicals sprayed on the ripening fruit, but others aren’t sure as some non-chemically enhanced melons are blowing up too.

Dave

Senior Information Specialist

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Comments
  1. Very nice real specially love the way you said exploding watermelons :)

    on a serious note some very insight information and really a good real keep up the good work!!

  2. Housing demands now are truly a big problem for those who are first timers. The prices are totally insane. But then, from Sarasota homes for sale, it would be a different story. Many buyers are satisfied with the prices of real estates they received.

  3. Other food safety horror stories from China include adulterated baby milk formula, dumplings made from cardboard (Google it!) and adulterated pet-food. This happens because of the poor to non-existent food and drug regulatory authority in China.

    I wish all the people screaming for less government intervention in the US (where powdered milk will not kill your baby and melons do not explode) would look at what happens in countries with no regulation and put two and two together.

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