Even as borders stay shut, foreign countries implement travel advisories, and international travel remains deeply uncomfortable, foreign buyers are still flocking to US real estate. Damon Germanides (pictured) specializes in serving a foreign buyer clientele at Insignia Mortgage. In his local California market, he claims around 10-15% of his current volume is purchase and refinance business from foreign buyers, right around where it sat before the pandemic broke out.

Germanides explained how a combination of currency fluctuations, investment opportunity, and long-term decision making have helped spur foreign buyer interest in his local California market. He broke down some of the new trends he’s seen emerging since the outbreak of the pandemic and highlighted how other originators can take advantage of the opportunities presented in foreign markets.

“There are a couple things…

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