Being an “International” Real Estate Broker was the latest buzz in our industry starting about 4 years ago. That is the time you began to notice Brokerages including “International” in their branding. Why? Because it was about that time that our regional market began to experience softness in prices. The emphasis started to snowball with the market upheaval caused by the Mortgage Market meltdown. In a market that has experienced a fall off in prices and sales volume, both Listing Agents and Sellers begin to hold out hope that the wealthy foreigner with a suitcase full of cash will come here to buy homes at premium prices. Afterall, we hear that Foreign Investors are looking to our shores since Real Estate is very affordable and the dollar is at a low compared to foreign currencies. I don’t deny that this can happen, but I believe there is a real misconception as to the true impact of the International Buyer in the US.
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