Rates, Inflation and the Dollar
December 28, 2006 by Perry Corneau · Leave a Comment
This past Friday the Dollar reached a two month high against the Yen while at the same inflation data indicated very moderate inflation. These indicators along with others indicating a slowing economy may increase the likelihood that the Federal Reserve may lower rates to keep the economy moving ahead. in recent months the Fed has [...]
ShareSarasota Mortgages for Canadian Citizens
December 6, 2006 by Perry Corneau · Leave a Comment
In the 19 years that I have been selling real estate herein Sarasota I have had been fortunate to close many deals with Canadian buyers. As with any foreign national, Canadians do not normally have as many financing options as U.S. citizens. RBC Centura Bank, with 450.7 billion in U.S. assets is North America’s 5th [...]
ShareWeak Dollar and Sarasota Real Estate
November 18, 2006 by Perry Corneau · Leave a Comment
Though the dollar’s continued weakness against foreign currencies could put upward pressure on interest rates, it may increase foreign investment in Florida real estate. During the boom of 2003, 2004 & 2005, I sold many investment properties on the beaches and golf courses of Sarasota to foreign investors. Today’s increased inventories and motivated sellers coupled with [...]
ShareFlorida will remain America’s No. 1 destination
October 18, 2006 by Perry Corneau · Leave a Comment
“Florida will remain America’s No. 1 destination for at least the next ten years,” says the chief ecconomist for the National Association of Realtors. A major reason for the continuing strong showing for Florida’s real estate market is the demand from overseas buyers. Florida has the highest share of real estate buyers from overseas of [...]
ShareReaching International Buyers
June 29, 2006 by Perry Corneau · Leave a Comment
Having been in a real estate broker in Sarasota since 1988, I have witnessed the evolution of many real estate firms here in Sarasota as well as the larger national franchises and can be sure that my affiliation with RE/MAX provides the best access to the international buyers. RE/MAX now has 6,377 offices in 63 [...]
ShareForeign Investment in Florida Real Estate
May 18, 2006 by Perry Corneau · Leave a Comment
Foreigners, mainly Europeans and Latin Americans, accounted for an estimated 15 percent of home sales in Florida between May 2004 and May 2005, according to a report conducted for the Florida Association of Realtors (FAR) by the National Association of Realtors (NAR). These buyers flock to the Sunshine State for its warm climate and reasonably [...]
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