Insights for August 2014
According to the National Association of Realtor’s 2013 Profile of International Home Buying Activity, 12% of International home buyers in the U.S. are Chinese. In Canada, Chinese investors have been snapping up properties in Canada's largest cities, driving up prices and according to observers, often outbidding Canadians.
Liberace’s once gold laced, not-so-humble abode is now being sold for what seems a bargain price, considering it is rumored that the previous owner paid $3.7 million for the property during the housing boom. Now bank owned, offers on the once lavish home must be cash only and according to the LA Times, owner JPMorgan Chase would prefer a quiet pre-sale.