Home / Daily Dose / Overseas Real Estate Investors are Net Sellers
Print This Post Print This Post

Overseas Real Estate Investors are Net Sellers

For the first time since 2012, overseas investors became net sellers of U.S. real estate, and in this Video Spotlight, CNBC’s Diana Olick discusses the $21.3 billion in direct acquisitions and $21.4 billion sold by investors in Q2 2019.

“Prices in the U.S. are at record highs, and the returns are low, so its just hard for investors to put money to work in the U.S.,” said Olick.

Investor confidence is slipping as market conditions remain volatile, according to a new study from Wells Fargo. According to the Wells Fargo/Gallup Investor Optimism Index, U.S. investor optimism fell to its lowest point since the fourth quarter of 2016 as investor confidence weakened in the 12-month outlook for the stock market and U.S. employment.

The Q3 2019 Wells Fargo/Gallup Investor and Retirement Optimism Index is now 72, down 13 points from 85 in the second quarter and well below the post-recession high of 117 reached in the fourth quarter of 2017,  the largest quarterly drop for the index in more than three years.

“Even before the volatility of the past two weeks, investors were rattled by the market decline at the start of the month, including a nearly 800-point drop in the Dow at the start of the survey period,” said Andy Byer, head of Client Service and Advice for Wells Fargo Advisors on Business Wire.

 

About Author: Seth Welborn

Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.
x

Check Also

Wells Fargo Names New COO

From Scott Powell's appointment as COO at Wells Fargo to over $1B in funding from First American Title Insurance, get the latest updates in this Industry Pulse.

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.