Over the course of the past two years untold numbers of Americans have given up and sworn of speculating in real estate. Who can blame them? It’s been a financial roller coaster ride for many that has left them ran off the tracks and in financial ruin. So has the American dream of finally owning a home finally reached it’s end?
The Chinese Dream
As it turns out, for upper middle class Chinese and there are untold millions of them owning an American home is the ultimate dream. Not just any home either but a a home in Washington state, which has always been a preferred destination for Chinese real estate investors.
Whats Holding Them Back?
It was CNN that spotlighted this up coming trend in a recent report that will undoubtedly have some level of effect on the Kennewick real estate market in the coming years. It was revealed in an early February news report that the only thing holding them back is the continuing decline in home values.
A Slowing Decline in the Kennewick Real Estate Market
That may change however, due to recent figures that came available that show the median home price in the Kennnewick real estate market fell by only 1.7% in the first two months of 2009. Still another factor to consider is that there are only 429 homes currently available for sale in the Kennewick real estate market.
Opportunities For Huge Profits
All this has left real estate analysts scratching their heads and potential investors ready to pounce at the first signs of an up tick in sales in the Kennewick real estate market. As one analyst put it, now is the time to start looking around for deals and to get your financing in order.
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