Foreign Investors Expect U.S. Real Estate Market to Recover in 2010

recent article in the Market Watch section of the Wall Street Journal claims that foreign real estate investors predict that the U.S. housing market will rebound in the second quarter of 2010. The Association of Foreign Investors in Real Estate (AFIRE) issued a survey to its more than 200 members, and respondents expect to triple their investments over the final six months of 2009. The survey also indicated that over two-thirds of AFIRE’s members plan to invest in real estate in the U.S. before the end of 2009. Just below one-third of the members claimed that they are more optimistic in the recovery of the U.S. real estate market now than they were at the beginning of the year, only 16 percent claimed that they were more pessimistic, and 53 percent said that they feel about the same now as they did at the beginning of 2009. Respondents said they expect the real estate markets in Washington, D.C., New York City and San Francisco respectively to lead the market recovery and identified those markets are prime targets for investment. Boston and Los Angeles rounded out the top five U.S. markets for foreign investors and respondents expected commercial office buildings to recover first, followed by multifamily housing and industrial property. Their expectations represent a shift in opinion from the last time AFIRE members were surveyed when respondents favored multifamily real estate investments over commercial office buildings for their investments. Founded in 1988, the real estate investors association and its members represent 20 different countries around the world. Real estate professionals around the U.S. who have been eagerly looking for a turnaround in the country’s real estate market are cautiously optimistic about the possibility of a market rebound in all sectors of the market. If you would like more information regarding Louisville real estate services or would like a quote to list your property, feel free to contact Louisville Properties by phone at 502.744.9504 or fill out a contact form for a fast reply!

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James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
United States
Phone: 1-502-744-9504

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