Mar 25th	The Weakening US Dollar is Allowing More Foreigners to Buy into the California Dream
2008	Categories: Foreign Buyers & Sellers

There is a new buying pool for the California Dream...especially in coastal resort towns such as Santa Barbara and Montecito.  As the market has slowed over the last 18 months and the US Dollar has weakened dramatically, California has become second to only Florida in terms of international purchases.  Many foreigners are looking for second homes and places to invest their money in less certain economic times.  The property type that seems most desired is: 1) High-end estates 2) Larger homes 3) Condominiums in upscale areas Santa Barbara and Montecito CA fit this bill for most of these buyers.  Many... Read more

Tags: buy in california, california dream, condominiums in upscale areas, foreigners second homes, high-end estates, international buyers, international purchases

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