Where USA is moving the money
September 29, 2011 Leave a comment
Forbes and Blooberg 2011 Articles about Investments in USA .
by Bloomberg 2011
Naples Rises From Florida Housing Swamp as Wealthy Buyers Return to Market International Buyers International buyers seeking to protect their wealth with U.S. hard assets may also buoy South Florida, according to a June 2010 report by the Chicago-based Realtors association. Florida properties accounted for 22 percent of all purchases made by buyers from outside the U.S. in the 12 months ended in April, the most of any state, according to the report. The surge in Naples luxury prices contrasts with much of Florida’s housing market, where values are falling amid a glut of foreclosed properties. By Dan Levy – Mar 23, 2011 1:09 PM While much of Florida’s real estate market remains depressed by foreclosures, buyers seeking a second home in the state’s affluent vacation enclaves are “finally getting off the fence, Van an agent at Premier Sotheby’s International Realty in Naples, said in a telephone interview. Sales in the Naples area last year rose 10 percent, the first annual increase in at least five years, while the median price for homes listed at $300,000 or more gained 4 percent to $544,000, according to data compiled by the Naples Area Board of Realtors. About half of the properties in the market are second homes, and discounts from 2006 peak prices average about 25 percent, said Brenda Fioretti, president of the group. “Wealth determines housing, and the good places pick up first,” Karl Case, 64, a professor emeritus in economics at Wellesley College in Massachusetts who has been visiting Naples since a family vacation took him there when he was 13, said in a telephone interview. “For people with deep pockets, it’s generally a flight to quality.”
Where America’s Money Is Moving Jon Bruner , 06.14.10, 02:30 PM EDT Low taxes, warm sunshine and deep discounts on real estate. No wonder IRS data shows the wealthiest among us are headed south. link : http://www.forbes.com/2010/06/14/where-the-rich-are-moving-business-beltway-rich-migration.htm l
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