December 24, 2007

Foreign buyers snap up 2nd homes in US (AP)

British realtor Mia Wilkinson in the living room of a two-bedroom apartment with a view of the Chicago skyline and Lake Michigan, Wednesday, Dec. 19, 2007. More foreigners are investing in homes in the U.S. thanks to the weak dollar, housing turmoil in the U.S. and sharp increases in home prices abroad. Wilkinson, who has been in the U.S. six years, has bought property in Chicago herself. (AP Photo/Charles Rex Arbogast)AP – Panden Rota, a Nepalese producer of fine rugs, is about to become a Manhattanite, the owner of a sumptuous apartment in the luxurious downtown neighborhood of Battery Park City.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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