- 2012elections - 9/11 Special Coverage - aca - africanamericanalzheimers - aids - Alabama News Network - american - Awards & Expo - bees - bilingual - border - californiaeducation - Caribbean - cir - citizenship - climatechange - collgeinmiami - community - democrats - ecotourism - Elders - Election 2012 - elections2012 - escuelas - Ethnic Media in the News - Ethnicities - Events - Eye on Egypt - Fellowships - food - Foreclosures - Growing Up Poor in the Bay Area - Health Care Reform - healthyhungerfreekids - howtodie - humiliating - immigrants - Inside the Shadow Economy - kimjongun - Latin America - Law & Justice - Living - Media - memphismediaroundtable - Multimedia - NAM en Espaol - Politics & Governance - Religion - Richmond Pulse - Science & Technology - Sports - The Movement to Expand Health Care Access - Video - Voter Suppression - War & Conflict - 攔截盤查政策 - Top Stories - Immigration - Health - Economy - Education - Environment - Ethnic Media Headlines - International Affairs - NAM en Español - Occupy Protests - Youth Culture - Collaborative Reporting

South Koreans Buy U.S. Real Estate

Korea Daily, Posted: Sep 22, 2008

LOS ANGELES -- Rapidly falling home prices are attracting buyers from South Korea into the Southern California housing market, reports Korea Daily. The South Korean buyers, convinced that home prices have hit bottom, purchase property as an investment. Houses in Los Angeles or Orange County suburbs near good public schools are in demand. According to the newspaper, tour companies are capitalizing on the trend by teaming up with local Korean-American real estate firms to offer real-estate-buying tours. Unlike U.S. buyers who rely on bank loans to fund their purchase, these South Koreans often buy houses in cash, reports the Korea Daily.

Page 1 of 1

-->




Advertisement


ADVERTISEMENT


Just Posted

NAM Coverage

Civil Liberties

Why There Are Words

Aug 10, 2011