A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California
Foreign buyers sales slowing
Rising U.S. home prices. U.S. home prices have continued to
increase strongly, making homes less affordable for domestic and foreign
buyers alike. As of January 2016, the median price of an existing home
stood at $213,800, or eight percent higher compared to the levels one
year ago.
Stronger dollar. On top of the strong increase in home
prices, the dollar has also strengthened against most currencies, which
means that foreign buyers have to shell out more of the local currency
for every dollar of purchase. For example, the dollar has appreciated
against the Brazilian real by a whopping 54 percent, against the Mexican
peso by 23 percent, and the Canadian dollar by 15 percent.
A.D. Cantelmo Property
Management Specializes in Property Management in Orange County
Ca.