Houses in Miami are slowly raising. (Tampa: sales, 2015, insurance)

[angelscorpio]

I think this is a good news since most people could afford to buy a property. Cash home sales a good proxy measure of foreign buyers have fallen consistently since economies in Latin America, Europe and Asia ran into trouble.
"The percentage of home sales in Miami-Dade that were cash sales dropped to 53.5 percent in June, down from 57.9 percent in June 2015 , according to a separate report also released Tuesday by property analytics firm CoreLogic."

Yeah!

Annual home price growth in major U.S. metro areas

San Francisco - 10.4 percent
Denver - 10.3 percent
Dallas - 8.7 percent
Portland, Oregon - 8.5 percent
Miami - 7.3 percent
Seattle - 7.3 percent
Las Vegas - 6.3 percent
Los Angeles - 6.1 percent
Atlanta - 5.8 percent
Tampa - 5.5 percent
Source: S&P/Case-Shiller Home Price Indices

[croatbob]

the way the US economy is headed, it wouldn't surprise me if we are headed for another collapse. we are on the brink of it now.

[tallrick]

It is a very bad sign if foreign buyers were buying over half of the homes in this area. That is a sign of a very sick local economy. If the foreign money would stay in their own country, they would not be failing, The only reason the rest of the world is having currency problems is that the dollar went up due to a big bluff by the Fed, Once people realize that Yellen will never allow rates to rise, that should send more shockwaves in the market. Those idiotic foreign buyers will also be distressed to see their property investment evaporate as local governments suck property taxes out of the "investors". The only hope for the US economy is collapse, and the Fed will print any amount of money to stop the reset we so desperately need.

[valicky]

Foreign money cannot always stay in its own country to help it not to fail if the government takes it all away and "spreads the wealth."

[hurricaneMan1992]

So the fever is down to 103 instead of 104. LOL Great news everyone, let's celebrate!

What's relevant for local buyers is that there are only a few neighborhoods with affordable homes (relative to incomes, accounting for taxes and insurance), and those neighborhoods have a higher proportion of cash investors. And if you say, "well, just buy a condo instead," then the competition from cash investors is also much greater, and down payments are much higher because banks consider it a more risky investment (which it is especially in our market).

We will not have a stable, healthy market with reasonable affordability relative to incomes for a long, long time...if ever.

[deboinair]

Pretty much sold my condo at a good price and I don't see a dramatic rise in the area I lived. So happy I got out when I could.

[pslhomie]

Plenty of Americans own homes in foreign countries. What is the difference?

[Sugah Ray]

Raising what?

[angelscorpio]

Originally Posted by croatbob

the way the US economy is headed, it wouldn't surprise me if we are headed for another collapse. we are on the brink of it now.

I am SOO with you!... People are naive that economy will get stronger and stronger even though it is of our advantage this "a quarter of an hour" time.

[hurricaneMan1992]

Originally Posted by angelscorpio

I am SOO with you!... People are naive that economy will get stronger and stronger even though it is of our advantage this "a quarter of an hour" time.

... and on top of this, people are even naive that the economy is improving much at all--save for the wealthy and the largest corporations.