A recent article in USA Today says several real estate experts predict that fallout from the United Kingdom’s vote to break away from the European Union (the so-called Brexit) will not negatively impact the U.S. real estate sector in the same manner as it has affected Britain’s – which has raised uncertainty about market prices.
“The fundamentals of U.S. real estate are positive,” said Cedrik Lachance, director of U.S. REIT research at Green Street Advisors, a California-based real estate research firm. “That seems unchanged to us.”
The lower rates “could provide a boost for lower-income U.S. buyers” hoping to enter the real estate market, said Lawrence Yun, chief economist for the National Association of Realtors
