How is the Global Real Estate Market doing?
This article (see link below) posted by the Orange County Register shows that the global real estate market is sluggish. Prices in Orange County are off 1.6 percent from a year ago (is that really that bad???). When compared to the world’s hottest real estate markets in nations like Hong Kong (up 20.1 percent, Latvia (up 16.9 percent), and Israel (up 16.2 percent) it does look bad.
With the growing dependence and interconnectedness with foreign governments and nations, I expect that we will see the global real estate economy more closely tied to each other in the future.
Here’s the link to the article:
http://www.ocregister.com/articles/percent-295666-year-housing.html
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