Foreign investors are staying away from US housing

Coldwell Banker Oh no, we thought when we read the report from the National Association of Realtors. Not now! Not when there’s a huge unstoppable condo glut building up in the teetering housing markets of San Francisco, Manhattan, and Miami, when sales and prices are already dropping. Foreign investors are now needed more than ever to absorb this new high-end inventory and bail out these markets. That’s what everyone has been praying for. The last thing we need is for Chinese investors to s...