News

Chinese Nationals Pull Back From Investing In US Real Estate

Chinese investors are no longer interested in investing in the US housing market. Karen Xu, a Shanghai resident who was in the market for a Miami one-bedroom condominium in the price range of $500,000 to $750,000 said that with China's current economic status, she has now changed her mind in investing in the US right now.

Are Baby Boomers Causing Shortage in Real Estate Inventory?

Economists now argue that baby boomers - the people who rocked at Woodstock and were active in campus protests - who used to take out mortgages and buy lots of real estate are not downsizing fast enough and aren't putting their houses for sale as earlier generations did. As they refuse to move, it contributes to inventory shortages and an increase in prices, Chicago Tribune reports.

IRS Increased the Standards For Real Estate Professionals

Some agents would tend to exaggerate their experiences, thus thorough qualification procedure is a must.