Quote:
Originally Posted by macker
And US home ownership recently hit a 15 year low.
http://www.usnews.com/news/blogs/hom...to-15-year-low
Lucky that so many Canadians are buying Stateside to stabilize things to a certain degree. At 23% Canadians are the largest foreign buyers in the close to $80 Billion of foreign US RE sales per year. |
When I was in PHx last time the cab driver told me Canadian's saved his house, and kept food n the table for his kids. He'll never forget that.
I think we stopped the housing crisis there long enough for it to start stabilizing or at least leveling. When I was there a month ago prices were actually on the rise in some areas for the first time in years.