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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords“You’ve gotta get going right now”: Marc Holliday on Hochul’s office-to-resi bill “You’ve gotta get going right now”: Marc Holliday on Hochul’s office-to-resi bill 
South Florida

Foreign buyers struggle to buy in U.S.

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Foreign buyers are finding it increasingly difficult to
purchase U.S.
real estate as mortgage interest rates increase by several percentage points
and down payments rise to 50 percent for some homes. Europeans had been buying
an increasing amount of U.S.
real estate over the last few years as the dollar weakened. Florida accounted for 26 percent of all
purchases by international buyers, according to a 2007 survey by the National
Association of Realtors. Real estate agents say that only all-cash deals are
easy after the credit crunch.