This week’s Featured Real Estate:
Lifting international travel ban anticipated to boost foreign real estate purchases
International travel to the United States began to return in full force as of Nov. 8 when the White House lifted pandemic restrictions that had kept people from dozens of countries from entering.
Now that citizens from European, Asian, African, Central and South American countries that were previously banned from traveling to the United States can enter as long as they’re vaccinated, real estate agents are anticipating a boom in housing purchases by international buyers.
Companies known as iBuyers — the “i” stands for “instant” — are using algorithms to set home prices, muscling in on conventional brokers and promising an end to packed house tours and bidding wars.
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