International Spending on the Increase

According to a report on CNBC, international spending is expected to increase in the USA, by 12% in the coming year, due to the shrinking dollar. Europeans are coming here in droves just to shop, because everything is so cheap. One euro buys $1.50, so it's bargain basement time for the Europeans visiting the USA this holiday season, and in the coming year. This is going to hopefully also boost home sales, especially in the Miami area, because Europeans love to come to Miami for vacation, and they are famous for buying up homes and condos during the tourist season. For sellers of real estate, this may well be a good time to bring asking prices down, and in line with present market conditions.