Apparently, those in a favored position in the U.S. aren't the only ones that are investing in the housing market lately. According to a recent report by the National Association of Realtor's, now it is the foreign home buyers that are leading the housing market. Susan Wachter, professor of real estate and finance at The Wharton School, University of Pennsylvania, confirms this: “Housing is more affordable than ever,” she says, adding, “It’s difficult to get credit now but international investors come with cash.”
Foreign homebuyers, she added, also see the United States as a good investment bet. “In this period of tremendous uncertainly globally, real estate here is a safe haven,” she maintained.
Our neighbor to the South, Mexico, is the top country where foreigners come from to buy U.S. homes.
