Hawaii and California real estate prices? Obviously, considering the US economy, no doubt, a considerable number of offshore buyers. I recently saw a documentary about rich Chinese coming over to the US and in places you are talking about snapping up these houses.
Where I live, the house prices never really went down. Average home in and around the Toronto area still approaching $400,000 and up and that is WITHOUT the ability to claim mortgage interest on your income tax filing! There are people around the world with money just not as many in the US anymore.
