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The Real Estate News Brief : Russia & U.S. Real Estate, Homebuyer Competition, Court Blocks "Love Letter" Ban

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Sinopsis

In this Real Estate News Brief for the week ending March 12th, 2022... we'll take a look at how the Russian invasion of Ukraine could affect the U.S. housing market, the number of homes selling for more than 100,000 over asking price, and why a federal court blocked a ban on homebuyer “love letters.” Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week, which includes the Russian invasion of the Ukraine. Housing experts have been weighing in on whether this will impact the real estate market. According to a blog post by the National Association of Realtors, Russian buyers account for less than 1% of foreign purchases. Most of that activity has been in Florida, Georgia and New York. But that reduces Russian input to .2% in Florida, for example. As a result, NAR researchers don’t think we’ll see any major disruptions for real estate. If anything, it could give domestic buye