How immigration boosts foreign investment
There’s a long-term economic argument for welcoming immigrants: they attract foreign investment, research suggests.
American counties that historically received more migrants from a given country were significantly more likely to later receive investments from that country, according to research by Stockholm University’s Konrad B. Burchardi, Chicago Booth’s Tarek Alexander Hassan, and Toulouse School of Economics’ Thomas Chaney.
The researchers tracked 130 years’ worth of US immigration data at the county level. Their estimates suggest that doubling the number of residents with ancestry from a particular country would increase the probability of foreign direct investment from that country by 4 percent.
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Is a foreign buyer in your home’s future?
Guess which country had the most foreign buyers of homes in the United States last year: Brazil? Canada? China? Mexico?
Your guess is probably influenced by where you live. For example, living in South Florida, I totally would have guessed Brazil, because I overhear Brazilian Portuguese all the time up here in Palm Beach County, and Brazilians own a lot of houses down in Fort Lauderdale. But Brazil didn't even make the top 5. I visited my hometown of Fort Worth, Texas, over the weekend, and then I would have guessed Mexico.
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Online Property Portals Around the World
Just like buyers in the U.S., buyers across the world tend to begin their search for the perfect home online. However, in many cases these buyers are in countries that might not use the same listing websites commonly used in the U.S. It is easy for us to assume that what is familiar is ubiquitous as well, but this is simply untrue. These websites, known as property portals, are your link to global buyers. What sites are worth your time and how do you assess them?
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Gold Status for 2015
Due to Tri-Counties' tremendous strides to help bring global awareness and education to our members, Tri-Counties' Global Council has been awarded the Gold status for 2015.
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International REALTOR® Conference®
Changing the Landscape of Global Real Estate
Download the Internation REALTOR® Conference Brochure
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N.A.R. Recognizes Tri-Counties Association of REALTORS®
Thanks to inexpensive and easy-to-use online tools, it’s never been easier for real estate practitioners to connect with their colleagues in other countries. The Tri-Counties Association of REALTORS®, based in Walnut, Calif., recently provided an example of how REALTOR® groups can leverage Web resources to communicate with their foreign counterparts.
Read More - A Video Postcard From Southern California
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Ambassador Association
Tri-Counties Association of REALTORS® is proud to announce they have been appointed as the Ambassadors for Malaysia from the National Association of REALTORS
®. This is a big honor and as a welcome to our new friends the Global Business Council came up with this welcome video. We hope to meet our new friends at the N.A.R. Conference and Expo in New Orleans, LA this November. If you are interested in joining the Global Business Council please contact our Chair Penny Liu at
pennyliu622@hotmail.com.