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?
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.