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Foreign Sales Of Palm Springs Real Estate Surges

Buyers from outside the U.S. accounted for a growing percentage of Palm Springs area sales as these buyers took advantage of the combination of lower prices and the low U.S. dollar. Canadian buyers became the most frequent non-U.S. buyer of U.S. properties as the Canadian Dollar moved up to par with the U.S. Dollar. The combination of lower sales prices and the higher Canadian loonie has resulted in a huge increase in Canadian buyer power here in the desert.

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