Economist sees dip in the number of foreign buyers

Trulia’s chief economist, in a Forbes column wrote that the number of foreign buyers who are searching for U.S. homes have dipped 10 percent year-over-year. “Foreign searches are becoming a smaller slice of a growing pie,” he wrote, noting that domestic price increases, as well as interest falling off from would-be buyers in the crisis countries in the Eurozone, are deterring the site’s foreign visitors. According to Kolko, whose company has reportedly filed for an [more]