Cover Story: The US of A Still Rocking

Eddie Shapiro, CEO of the New York- based real estate brokerage Nest Seekers International, told Finweek that foreign buyers have purchased more than $68bn worth of US residential real estate over the 12 months ending March 2013. “Residen- tial real estate is now a tale of two markets – luxury and everything else. Record sale prices of luxury goods and luxury homes continue to capture headlines and intrigue the buying public around the world. For- eign buyers are investing in high-end real estate in record numbers in cities such as London, Paris, New York, Hong Kong and Toronto.”