In December 2015, President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015.
The bill eases 35-year-old restrictions on foreign investment in U.S. real estate and is expected to increase the amount of foreign money flowing into U.S.
real estate investment trusts (REITs).
All things considered, this is great news for the U.S. real estate market, but less so for the average American consumer.
I hope you enjoy!