According to a January 11th article by New York Times reporter Bob Tedeschi, if you are looking at buying real estate in a traditionally high-priced area of the United States, it might make sense to wait a few weeks before making your move. Some members of Congress are reportedly urging Barack Obama to include a clause in the pending $800 billion economic stimulus package which would raise the dollar limit on “conforming loans.”
More on Congress Considers Increasing Conforming Loan Limits
Many individual foreigner investors are finding it difficult to buy real estate in China. Not only are foreigners faced with the not insignificant cultural and practical difficulties of buying property in China, they must also fight the recently-introduced legislation, which is designed to limit foreign ownership in order to tame the booming real estate market.