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For residents in these areas, it may feel like foreigners are competing for homes with locals. Sellers, of course, are trying to get the highest possible price independent of who the buyer is, but it can be frustrating for buyers who are outbid.

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CNN 2 years ago
Lawrence Yun

Lawrence Yun

Lawrence Yun is Chief Economist and Senior Vice President of Research at the National Association of Realtors.

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