Foreign Buyers Are Back in the U.S. Housing Market — and They're Making Waves

After years of pandemic restrictions and travel bans, international buyers are surging back into the U.S. real estate scene — and they’re buying big.

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#USRealEstate #HousingMarket2025 #ForeignBuyers #RealEstateNews #RealEstateTrends #MarketUpdate #BusinessRealEstate #iBusinescourse

In #Sydney, one in five homes in affluent suburbs like Neutral Bay, Kirribilli, #Bondi Beach, #PottsPoint, and Cremorne are sitting empty, with thousands more used as secondary residences. #NSW crossbench MPs suggest a #vacancytax, similar to Victoria's, to address the #housingsupply and #affordability crisis. This tax could fund housing for essential workers and bring more properties onto the rental market. MP Alex Greenwich supports this, especially for underutilised homes in areas like Millers Point. Greens MP Jenny Leong highlights the inequality where some own multiple homes while others struggle with rent, advocating for policies to move empty homes to the long-term rental market and regulate short-term rentals. She also calls for rent controls and an end to no-grounds evictions. The need for such measures is underscored by rising rents and increasing homelessness in NSW. #housingcrisis #rentalcrisis #landBanking #ForeignBuyers

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https://www.smh.com.au/national/nsw/the-sydney-suburbs-where-one-in-five-homes-is-not-lived-in-full-time-20240613-p5jlmr.html