The Gaetano Group
Selling Mountains, Coast, Town & Country
Foreign Buyers shop/buy Bay Area Real Estate in record #’s
The fall in the U.S. housing market in recent years is attracting a new wave of foreign buyers, who are making a dent in the Bay Area and national real estate markets.
Foreign buyers spent $82.5 billion on homes in the U.S. during the 12 months ending in March, an increase of $66.4 billion a year earlier, according to the National Association of Realtors.
As for the Bay Area, about 6 percent of all property searches by prospective buyers are from abroad, with San Francisco being the most-popular search location.
The Gaetano Group 