A Weak Dollar Could Be A Good Thing

The buck doesn’t stop here; it just keeps falling
Crumbling value of the dollar resonates through slumping economy

WASHINGTON - Things in the U.S. sure are tough. Brother, can you spare a euro? Signs saying "We accept euros" are cropping up in the windows of some Manhattan retailers. A Belgium company is trying to gobble up St. Louis-based Anheuser-Busch, the nation's largest brewer and iconic Super Bowl advertiser.
The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. The long slide is fanning inflation at home and playing a major role in the run-up of oil and gasoline prices everywhere.
Continue Story: http://www.msnbc.msn.com/id/25556072/

The current exchange rate for the American dollar is not favorable, but that does not mean it is a bad thing. If you are traveling abroad or buying foreign products then the weak dollar is bad. For those people who produce products in the U.S. and sell them abroad, they say the current exchange rate is great. For the first time in years, U.S. producer can compete with foreign countries on prices and this is a good thing. How does the weak U.S. dollar befit the American housing market? I hear a lot of people saying that there are too many properties for sale and not enough buyers out there. Foreigners are buying U.S. homes in record numbers and it is niche industry that will only continue to grow. If I am a homeowner looking to sell my home, I would definitely market my home to foreign investors. There are people all over the world, who are looking to invest their money in the United States. As most people already know, real estate yields the greatest return on investment, so that is why I am marketing my properties to foreign investors. There is some good in every situation. It is really important, now more than ever, to take the good with the bad and adapt to the ever changing world. We live in a global economy today, and it drives me nuts when people say there are no homebuyers out there. The larger you open up your market base, the more interest you will generator from buyers. It is such a simple concept to me and its articles like this that drive me crazy.

It’s a new day, new deal, new opportunity

Mike Sebeniecher, Texo Properties (TexoNC.com)