It depends too on what's going on in some of these countries, like politically speaking, that will kind of propel a wave of investors looking to have their money in US real estate. I don't think you could say it's as dominant as the domestic buyer here right now, but they're back for sure. So obviously agents were extremely busy in 2021, early 2022. What's the sentiment among them right now? It's easier to reach them, which I think says a lot.
We all know the story: wealthy buyers flocked to pour money into homes in South Florida. But is the demand still there, given rising interest rates? The Real Deal's Deconstruct chats with TRD's residential bureau chief Katherine Kallergis about how the market has softened, but some are plowing ahead with exorbitant buys. Plus, Deconstruct chats about the Flatiron building, Chicago's upcoming election, Blackstone's multifamily loans and First Republic's balance sheet.
Subscribe to The Real Deal now for more blockbuster real estate news, trends, profiles, analysis and more.
Credits: CBS News