International buyers in U.S. real estate markets

10 U.S. real estate markets drawing international buyers Inman News report features data trends, analysis, commentary on popular areas By Inman News Affluent international buyers, attracted by fire-sale prices, are snapping up real estate in some U.S. markets. In a report released today, Inman News identifies 10 markets where public records indicate foreign buyers make …

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America’s Richest Zip Codes 2011

 No. 11 Richest Zip Code: 92657, Newport Coast, Calif. No. households: 4,150 Pct. change in no. households since 2000: 74.59 Average household income: $264,979 Average household net worth:$1,450,774Newport Coast, also called the “Pacific Riviera,” includes the coastal area between Corona Del Mar and Laguna Beach and features preserved open space, canyon and ocean landscapes, and …

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Seller musts when fixing home defects

Some experienced investors buy foreclosure properties cheaply without even having seen the property. However, most buyers shouldn’t buy a property unless they have had it thoroughly inspected by qualified professionals. Inspections are a necessary part of the homebuying and selling process. Sellers should be leery of buyers who offer to purchase without an inspection contingency. …

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Industry’s Shadow Inventory of Distressed Homes Shrinks

Housing has become an industry afraid of its shadows. That shadow inventory of repossessed and soon-to-be repossessed homes has professionals from every side of the business worried about the impact such a sizeable volume of distress will have on property values and overall market fundamentals. But according to Standard & Poor’s (S&P), the obscurity hiding …

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