rise of foreign investors in l.a. real estate by: alisha shih
TRANSCRIPT
Rise of Foreign Investors in
L.A. Real Estate
By: Alisha Shih
SummaryLos Angeles has been known to be one of the “Sexy Six”, which represents the top coastal markets for real estate investment in the U.S. Since the crash of the housing market in 2008, the low home prices attracted an enormous number of Asian investors, hailing from cities such as Singapore and Hong Kong, where real-estate prices are extremely high by comparison. According to the National Association of Realtors, residential real estate purchases by foreigners is expected to top $68 billion in 2013. This influx of foreign investors has significantly contributed to the recovery of the U.S. real estate market.
Luxury Homes in L.A. (Photo)• Frank Gehry Beachfront (Malibu)
Luxury Homes in L.A. (Photo)• Bel Air
Luxury Homes in L.A. (Photo)• The Century
Real Estate Listing ResourcesThese two websites are resources used by realtors and investors.• TheMLS
• Trulia
Magazines
Many magazines provide a platform to promote real estate.
News
• Chinese Buying Spree for U.S. Homes http://youtu.be/QIq8PO18Eso
Reality Show
• Rich Kids of Beverly Hills http://youtu.be/JP7NMkDtajI
BibliographySlide 2: http://www.cnbc.com/id/102125081#. http://americanmonetaryassociation.org/blog/is-foreign-investment-driving-the-recovery/ Slide 3: http://www.luxuryportfolio.com/Property/malibu-properties-frank-gehry-beachfront-masterpiece/LEHV Slide 4: http://www.luxuryportfolio.com/Property/beverly-hills-properties-masterful-mediterranean-villa/GRAQ Slide 5: http://www.luxuryportfolio.com/Property/los-angeles-properties-unparalleled-custom-century-penthouse/RKFQ Slide 6: www.themls.comwww.trulia.com Slide 7: http://www.southbaydigs.com/wp-content/uploads/2014/05/SBDigs_5.9_cover-896x1024.jpghttp://exclusivelaestates.com/wp-content/uploads/sites/6/2011/06/Magazine_large.jpg