On February 27, Warren Buffett says along with equities, single-family homes are a very attractive investment right now. Appearing live on CNBC’s Squawk Box, he said, he’d buy up “a couple hundred thousand” single family homes if it were practical to do so. If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises buyers to take out a 30-year mortgage and refinance if rates go down … read more
Last January, Warren Buffett’s secretary, Debbie Bosanek said in an interview: “I just thought it was time to buy a home. Warren tells me that it will be the best opportunity in my lifetime. Mortgage rates are low and prices have dropped dramatically…” …. read more
“In the Bay Area, rents are up 12 percent year over year; it’s a huge number, the best in the country,” UC Berkeley Fisher Center for Real Estate and Urban Economics Chairman Kenneth Rosen said…. For now real estate continues to be a good investment according to Rosen. But he wasn’t too optimistic about treasury bonds. He says the yield is too low and there may be a small bubble….. read more
According to an analysis of MLS data by Better Homes and Gardens Mason-McDuffie, Investors with cash continued to buy bargain priced foreclosures/short sales across the San Francisco Bay Area in the 4th. Quarter of 2011. Contra Costa County reported the greatest number of home sales (2,564)…… Ask us where Investors are buying…… read more.
In the last three month, the S&P Home Building index has shot up close to 50%. Top Analyst and Housing Expert Ivy Zelman: “It’s been six long years and I believe the fundamentals are now at that inflection point that we have confidence is really starting to come to fruition and we’re excited about it”. “I think we’re just in the beginnings of a very admittedly tepid recovery, but we’re coming from such an anemic base that the numbers percentage wise could actually be pretty big going into 2012/3. we’re looking for about a 20% increase, and we think that we’ll continue the upward trajectory as job growth gets better and family formation, household formation continues to come from very depressed levels.”….”There’s a lot of foreclosures that still need to be worked through, but we see very strong investor demand. In fact, we see so much demand that there’s not enough inventory to satisfy these investors right now with capital flowing from Wall Street”. “I think renters want to be homeowners. they want to have the freedom of being in their own home. Our surveys suggest there are probably close to 3 million people today that are renting that want to own and have the down payment…” …. read more and see the video.
As millions of distressed properties will likely come to market over the next few years… Fannie Mae and Freddie Mac is working with the Obama administration on a plan to sell not just the quarter of a million foreclosed properties already owned by the GSE’s, but hundreds of thousands more in the pipeline heading to foreclosure… private equity firm Waypoint is likely positioning itself to be a player in a government bulk REO program… Connecticut-based Carrington Mortgage Services, are working on deals with major banks to buy foreclosures in bulk. Carrington says it is planning to invest nearly $1 billion in foreclosed single-family homes and turn them into rental housing……read more.
McKinley Capital Partners, an investment company that’s at the forefront of a new breed of big-money landlords. McKinley, which has acquired more than 300 foreclosed single-family homes in the Bay Area over the past two years, recently teamed up with Och-Ziff Capital Management Group LLC, a New York hedge fund, with plans to buy at least 500 more foreclosed homes in the next year. …. Carrington Property Services LLC, a Santa Ana, Calif.-based property investment company that manages about 4,500 homes nationally, is in talks with investors to raise funds for a real-estate investment trust, to be called Residential National Trust, which would acquire foreclosed homes for rental. The company plans to buy as many as 5,000 more rental homes in markets including Chicago, Miami, Phoenix and Las Vegas…… read more.
The Russian billionaire, Yuri Milner, has paid $100 million for a second home in California’s Silicon Valley, in Los Altos Hills. According to the Wall Street Journal’s Market Watch, March 30th, it is the highest known amount paid for a home in the United States. It is 25,500+ square feet of living area, with five bedrooms, nine bathrooms, a central entry court, ballroom, home theater, wine cellar, spa/gym, a tennis court, car wash, swimming pool and formal gardens. The home was bought from another tycoon, Fred Chan, founder of ESS Technology, who has reportedly decided to live in Hawaii after building the Silicon Valley mansion. …. read more
The Wall Street Journal reported on January 11, 2012 that GI Partners in Menlo Park, CA, plans to invest $250 million in an Oakland-based company that buys foreclosed homes at discounts and rents them out to tenants… The private-equity fund could eventually expand its investment to $1 billion over the next two years if the initial round is successful. “They seem to be getting the kinds of yields we need for our investors,” said Mr. Richard Magnuson, Managing Director of GI Partners.
Note: If smart money is buying foreclosed homes, because of the yield, shouldn’t you do the same ? … read more
For the latest news and articles covering foreign investor interest in the US housing market,
visit our Articles page, which is updated frequently.
For answers to most of the frequently asked questions by foreigners on buying homes in the USA, please visit our FAQ page, which is updated frequently. You may also send us your question, if it is not covered there.
The Wall Street Journal reported on October 20, 2011 that two US Senators are preparing to introduce a bipartisan bill that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S. The provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S.…. read more
Here’s the best news you’ve heard in years about Bay Area real estate. ABC TV Channel 7 reported on November 7, that there has been a new report which offers not just a glimmer of hope in California’s housing market, but predicts a roaring comeback over the next six years. We could be poised for a dramatic comeback.
ABC Channel 7 spoke with the California director of the Economic Forecast and he’s predicating a rise in home prices is going to be the convergence of a number of factors. He is suggesting that more jobs, fewer distressed properties, and those historic low interest rates will all play a role in this turnaround.
The same panel of economists who warned the California housing bubble was going to burst is now predicting homes prices are ready to rebound. UCLA economists are predicting a steady climb in the median price of existing California homes. The UCLA Anderson Forecast anticipates an 11.5 percent price jump next year. The forecast calls for another 10 percent increase in 2013 and a median price of nearly $440,000 by 2017 — that would represent a 52 and a half percent increase over today’s prices……
In America, the best property values right now can be found, in the states that have a high percentage of foreclosures and short sales. This can be found in California, Nevada, Arizona, and Florida.
We believe a case can be made that residential properties (homes) in California present a better buying opportunity than Nevada or Arizona, because:
- CA prices have traditionally been very resilient
- CA prices outpace the rest of the country
- CA is a favorite for immigrants
- CA is tightly linked with the fast growing economies in Asia
- Natural barriers in the SF Bay Area prevents further development
- Silicon Valley is the engine for further growth
Welcome to Buy Home In US Website
BuyHomeInUS (Buy Home In USA) Website is a guide for foreigners to buy a home, real estate or property in the US (United States). Our Frequently Asked Questions page contains answers to many questions from foreign investors. We also compile a list of articles which are relevant with regards to foreign interest in US residential properties.
The United States of America (USA) welcomes real estate investments from people in foreign countries. There are no restrictions for foreigners to buy land, homes, apartments, hotels, commercial properties, etc.
The US legal system offers a very safe and efficient way to buy real estate. It is however different from transactions in other countries in Asia and Europe.
Whether you are from Canada, Asia, Europe, Australia, or Latin America our firm Bethany Real Estate and Investments, specializes in guiding foreigners through the home buying process in the USA. From choosing your dream home or lucrative investment property to obtaining the financing you need and renovating and managing/maintaining your property, we provide a turn-key service which will satisfy your needs. As your agent, we can find you great properties at very low foreclosure prices and yielding very attractive returns with a potential for huge capital gains.
Please feel free to contact us if you have any comments or questions.