This blog has written a few times over the last months on the influx of foreign capital into the U.S. housing market. This weekend, the major news sources are covering that again, because of the new statistic that almost 50% of these purchases are all cash. But, what is actually happening to the market as a whole? Adam Taggart did a fairly thoughtful analysis on the market as a whole in the context of supply, demand, and the global economy. I don’t know how reliable a forecaster he is, never having followed his stuff before, but it makes for a very interesting read.
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