With the value of the U.S. dollar falling to all-time lows, the housing market over here is looking mighty good to people from other countries who are thinking of purchasing a home. Realizing this, the National Association of Realtors (NAR) has joined hands with Europe’s largest home and resort exposition, Salon Inmobiliario de Madrid (SIMA), to educate potential International 2nd home buyers about real estate investment options in the United States. This only makes sense, since NAR represents 1.3 million members involved in all aspects of residential and commercial real estate within the United States.

A Different Type of Market

Every year, more than 100,000 U.S. homes are sold to people who are not from the United States. Of these international 2nd home buyers, most are from Europe, North and South America, Africa and the Middle East. Because of the threat of an impending recession as well as skyrocketing gas prices, the United States seems to be in the middle of an economic crisis, which translates to one of the world’s greatest bargains.

Instead of letting the economic crisis deter them, NAR is embracing their foreign friends. NAR’s vice president of international affairs, Miriam Lowe states:

This is our fifth year participating in the SIMA event, which draws investors from more than 50 countries. As the leading advocate for real estate in this country, NAR welcomes this opportunity to educate overseas buyers about the benefits of real estate investment in the United States.

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Tags: homes and community, real estate //