U.S. Home Sales Up -- to Australians

U.S. home sales are sagging -- but not with Australians, mate. "For the cost of a new car in Australia, you could own a home in the U.S.A," says Australian real estate agent Vincent Selleck (pictured left), who is on a campaign to recruit buyers from his country to invest in American homes that they can open up as rentals.

"The U.S. economy is at the bottom of its biggest recession since the depression," Selleck writes on his 888 U.S. Real Estate website. "Australia, in stark contrast, is experiencing an economic boom. Smart investors are recognizing this opportunity to purchase U.S. property as positive cashflow investments with the potential for massive future growth."