Founder & CEO, Waltz | FinTech & PropTech Entrepreneur | Multicultural Polyglot | Revolutionizing the Future of Real Estate
Yesterday, the #NAR 2024 report came out about International Transactions in U.S. Residential Real Estate 2023-2024 I was also invited to say a few things on CNBC, thanks Diana Olick and Lawrence Yun Foreigners are pulling back from the US market? Foreign investors believe the US economy is the most stable and are not pulling their money. When macro events hit (elections or not), hard assets are their first choice: homes in the US and gold! I would add a few more factors to the report: 1. Did you see any major liquidation of R/E assets? That is what investors do if they pull back from an investment and if they did - profiting or pulling back? The report doesn't show volume of sales only breakdown of countries 2. Did you check new-construction purchases? Foreign investors love high-rise condos, which take 5-10 years to build. 3. Demand stayed the same- 64% but due to lack of inventory and lagging new construction, what is the conclusion? 4. Cash buyers- did they get financing back home? (private wealth, other types of loans) 5. People are sitting on low-interest loans- which means even less inventory, what are the effects on the market? The great news about the challenges mentioned (50+%): Foreigners can't get financing- Waltz can help Currency exchange difficulties- Waltz can help Fast and remote closings- Waltz can help #waltz #cnbc #realestate #useconomy
The US market is strong. I don't see prices going down, they don't go up either. Everybody is waiting to see what happens soon...
Great stuff
Awesome 🚀🚀🚀🚀🚀
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Super insightful Yuval Golan. Residential real estate in the US is as blue chip as they come.
Very insightful!
This is wonderful! I am so grateful to be part of this team and to help facilitate this for our clients!
Co-Founder, CEO @ Blanket | Helping Property Managers Grow 🚀
1moWaltz is a game-changer in our industry and my clients love it!