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Foreign investors pour money into Miami, LA and Manhattan luxury homes

Foreign investors pour money into Miami, LA and Manhattan luxury homes

Foreign buyers dropped $7.5 billion on homes in the U.S. costing over $1 million, with a major chunk of those purchases in Miami, Los Angeles, and Manhattan, according to a new report. The report, which calculated purchases between March 2016 and March 2017, saw a nearly three-quarter jump in total foreign investment in U.S. luxury real estate from the 12...