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Bill Koenig

Bill Koenig | REALTOR®
Direct: (859) 372-6072
Office: (859) 372-6000
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4895 Houston Road, Suite 100
Florence, KY 41042 

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Real Estate News

Chinese Homebuyers Look to U.S., Despite Restrictions, Trade War

Despite new regulation and a trade war, China is continuing its hold as a key player on the property scene in the U.S., according to recently released research.

In 2017, Chinese investors poured $39.7 billion into real estate in the U.S., reports. The majority—$30.4 billion—was on the residential side, and in California, Florida and New York.

“The United States remains the top country for Chinese property investment,” says Carrie Law, CEO and director of “Mainland Chinese acquired U.S. real estate worth more than in all the countries we tracked in Asia or in Europe.”

According to Law, the attraction is driven by economy and lifestyle.

“What Chinese homebuyers like about the United States is the educational opportunities, clean food and air, our diversified culture, and our economic and employment opportunities,” Law says. “For a Chinese buyer, purchasing properties in the United States is seldom really about the home itself; it’s about the lifestyle and opportunities they are acquiring by moving there.”

The findings are in line with the National Association of REALTORS® (NAR) 2018 Profile of International Transactions in U.S. Residential Real Estate, which shows that in 2017, China invested the most of any other nation in real estate in the U.S., and also bought the most expensive properties, and the most in terms of units. Accounting for China and other countries, foreign home purchases slid 21 percent, the NAR report shows—attributable to the inventory shortage.

“Inventory shortages continue to drive up prices, and sustained job creation and historically low interest rates mean that foreign buyers are now competing with domestic residents for the same, limited supply of homes,” said NAR Chief Economist Lawrence Yun.

Dollars, however, are only part of the story. Even though China closed in on $40 billion invested, the amount dropped off 29.5 percent from the previous year, according to the report. Chinese investment overall paralleled the trend in the U.S, with the country’s global investment at a monetary record, but sluggish. In 2017, the figure increased 18.1 percent to $119.7 billion—but in 2016, the figure grew at a 26.8 percent rate, and in 2015, at 53.8 percent.

“The bigger a number gets, generally the slower it grows,” Law says. “That’s one explanation for the lower growth rate in Chinese international property investment: The same level of growth off a larger starting point will give you a lower rate of growth.”

Two changes curbed growth, as well: capital controls, which were instituted last year; and a general movement toward more practically priced properties, according to the report. The capital controls, which apply to investment in overseas real estate—a bid to diminish “flight,” or outflow, amid currency and economic pressures—were not as restrictive as thought, but contributed somewhat to the slowing. (Chinese investors were mostly unfazed, the report shows.)

As for geopolitical tensions, the jury is out.

“Has the trade war impacted Chinese demand in 2018? It has caused some buyers to hold back, but as time goes on the fear may be evaporating,” says Law. “For example, in August, Chinese buyer inquiries for U.S. residential real estate were at their highest level in the past 12 months.”

For 2018, Juwai forecasts investment to range between $123.3 billion and $129.3 billion—growing 3-8 percent year-over-year.

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at For the latest real estate news and trends, bookmark

The post Chinese Homebuyers Look to U.S., Despite Restrictions, Trade War appeared first on RISMedia.

ESPN Founder—a Disruptor of His Time—to Keynote Power Broker

Bill Rasmussen to Headline RISMedia’s 23rd Annual Power Broker Reception & Dinner

BillESPN Founder Bill Rasmussen will address attendees of RISMedia’s 23rd Annual Power Broker Reception & Dinner, held in Boston on November 2 during the REALTORS® Conference & Expo.

Through adversity and an entrepreneurial mindset, Rasmussen created what is now “The Worldwide Leader in Sports.” His idea was simple—and, at the time, unheard of: a 24-hour network. Backed by one investor and facing unemployment, he incorporated the network in 1978, and launched on Sept. 7, 1979.

Since then, ESPN has become as popular as it is ubiquitous. Rasmussen, now an author and speaker, was named one of the “40 for the Ages” by Sports Illustrated, denoting those who have contributed considerably to sports, as well as to The Sports 100.

“This is a guy whose idea gave birth to, arguably, the most successful media story of our time,” according to Jim Miller, co-author of “Those Guys Have All the Fun: Inside the World of ESPN.”

RISMedia’s Power Broker Reception & Dinner is an exclusive event honoring the Top 500 brokers in RISMedia’s 2018 Power Broker Report & Survey, published in April. The event, held in Boston at The Westin Copley Place, includes a cocktail reception followed by a dinner and awards ceremony. The event is presented by Platinum Sponsors Buffini & Company,, Quicken Loans and RE/MAX.

Earlier on November 2, RISMedia will host the Power Broker Forum, “Compete—and Win—in a Changing Real Estate World,” from 1:30-3:00 p.m. at the Boston Convention & Exhibition Center. Against brand-new business models and competition, a group of leading Power Brokers will discuss how to attract and keep talent, drive efficiency and exceed expectations. The Power Broker Forum is open to all attendees of the REALTORS® Conference & Expo.

Attending the Expo? RISMedia will be on hand at Booth No. 1003. Visitors can learn how RISMedia can be your content partner, and enter for a chance to win an Amazon Echo.

For the latest real estate news and trends, bookmark

The post ESPN Founder—a Disruptor of His Time—to Keynote Power Broker appeared first on RISMedia.

Market Report: Flatter Rents and Slowing Values

According to the August Zillow® Real Estate Market Report, home prices and rents slowed as summer wound down, with prices up 6.5 percent year-over-year—a departure from 8.2 percent this spring—and rents unchanged. Based on the Zillow Home Value Index and the Zillow Rent Index, the median price is $216,700, and the median rent is $1,440.

In August 2017, home prices were rising 7.4 percent, according to Zillow. On the rental side, appreciation has not exceeded 3 percent for more than two years.

“Earlier this year, the housing market was a story of diverging paths, with rents steadily cooling and home values picking up speed,” says Aaron Terrazas, senior economist at Zillow. “Normally rents and home values are tied together, but strong apartment construction and a surge of young homebuyers contributed to this historical anomaly.

“As summer turns to fall, the more typical pattern is reemerging, as rents and home values are both slowing in unison,” Terrazas says. “The feverish housing crunch of the past few years seems to be cracking. Slower rent growth means that renters may feel less urgency to buy. While home values continue to grow at double their historic pace, the speed of appreciation is down sharply from its spring highs.”

August data for the 20 largest markets:


For more information, please visit

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at For the latest real estate news and trends, bookmark

The post Market Report: Flatter Rents and Slowing Values appeared first on RISMedia.

Bill Koenig | (859) 372-6072 | Contact Me
4895 Houston Rd Ste 100 - Florence, KY 41042
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