Real Estate

Foreign buyers find door to U.S. real estate wide open

It’s a trend that has survived for more than a year: As Americans remain skiddish on housing, foreign buyers are filling the void in some areas.

The Wall Street Journal reported Tuesday that Asians, Canadians, Europeans and Latin Americans made up $82.5 billion, or 8.9%, of the $928 billion spent on residential real estate in the 12-month period ending in March.

This is keeping in trend with coverage on foreign buyers that HousingWire rolled out earlier this year and late last year.

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Mortgage rates drop on Fed intervention

The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.

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3d rendering of a row of luxury townhouses along a street

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