GENERAL NEWS
FOREIGNERS purchased more than US$42 billion worth of homes in the United States in the year to end of March, marking a 21.2% year-on-year fall as a strong greenback...
A new report from the National Association of Realtors (NAR) showed international buyers purchased 54,300 properties, a figure that was 36% lower than the previous...
The strong US dollar makes international travel cheaper for Americans but makes U.S. homes much more expensive for foreigners,” said NAR chief economist Lawrence Yun...
NAR’s 2024 International Transactions in U.S. Residential Real Estate showed that foreign buyers who resided in the US as recent immigrants or who were holding visas that ...
The greater fall was seen in the total value of homes foreign buyers who lived abroad purchased, slumping 35% to $19.4 billion...
The average existing home sale price ($780,300) and median ($475,000) among international buyers were the highest ever recorded by NAR – and 21.9% and 19.8% higher, respectively...
At $1.3 million, Chinese buyers had the highest average purchase price, and a quarter of those buyers purchased property in California. In total, 18% of international buyers purchased...
Canada led all countries of origin in the share of foreign buyer purchases of US existing homes at 13%, followed by China and Mexico (11% each), and India...
China ranked highest in US residential sales dollar volume at $7.5 billion, continuing a trend that has run since 2013. Canada ($5.9 billion), India ($4.1 billion), Mexico ($2.8 billion) and...
Florida on top again
Florida remained the top destination for foreign buyers for the 16th consecutive year, accounting for 20% of all international purchases...
Next were Texas (13%) and California (11%), followed by Arizona (5%), and Georgia, New Jersey, New York and North Carolina (4% each)...
All-cash sales accounted for half of international buyer transactions compared to 28% of all existing home buyers. Non-resident foreign buyers (68%) were more likely to make...
More than two-thirds of Canadian (69%) and Chinese (68%) buyers made all-cash purchases, the highest shares among the top foreign buyer nations.