Trump Mental Instability Drives Foreign Buyers From US Housing Market
Foreign Buyers Bolt From American Housing Market In California And Florida Amid Trump Mental Instability Foreign buyers buying American real estate purchases plummetted to $77.9 billion from March 2018 through March 2019. This down 36% from the previous year and the finger is being pointed directly at the Trump Administration . The National Association Realtors says buyers from China were the biggest group to flee the American housing market. Sales from Chinese plummeted 56% in the 12 months ended in March. Chinese people bought $13.4 billion of American homes during the 12 months ended in March. The NAR says foreign buyers from China purchased $30.4 billion a year earlier. The report shows foreign buyers from the UK tumbled 48%. Britons purchased $3.8 billion of American real estate. The NAR says this is down from $7.3 billion a year earlier. Read more at MFI-Miami