U.S. home prices look cheap to Europeans

U.S. home prices look cheap to Europeans: "This year, for the first time, the Miami-Fort Lauderdale-West Palm Beach region has cracked the Association of Foreign Investors in Real Estate's list of top five U.S. markets for foreign buyers, trailing only Washington, New York, Los Angeles and San Francisco.
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'Everything looks inexpensive' to Europeans right now'.
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Southern Florida is not alone. Although the phenomenon is difficult to quantify, 'what we've been hearing from our members is that the amount of European investment is skyrocketing,' said Jeff Hornberger, manager of international business development for the National Association of Realtors.