Overseas investor confidence in the U.S. property market is slipping as reflected in recent data showing they sold slightly more real estate assets than they purchased during the second quarter of 2019. For seven years straight, investors from abroad have bought more U.S. real estate than they have sold.
The head of Client Service and Advice for Wells Fargo Advisors, Andy Byer said, “Even before the volatility of the past two weeks, investors were rattled by the market decline at the start of the month (August), including a nearly 800-point drop in the Dow…”