Morning Minute: Foreign investment in U.S. real estate at record high

Image: Bigstock

International interest in U.S. residential real estate has jumped with foreign buyers and recent immigrants buying $153 billion in property between April 2016 and March 2017, marking a 49 percent increase, according the National Association of REALTORS® 2017 Profile of International Activity in U.S. Residential Real Estate. Properties purchased by foreign buyers were up 32 percent during the same time period.

Other highlights from the survey:

  • Purchases by foreign buyers accounted for 10 percent of dollar volume of existing-home sales
  • The majority of buyers come from China, Canada, Mexico, India and the United Kingdom
  • Nearly half of all foreign purchases were in Florida, California and Texas
  • Illinois ranks No. 6 among top destinations for foreign buyers
  • Read more from NAR and find an infographic you can share

In other headlines:

8 Home Projects with a High ROI – Styled, Staged & Sold blog

Baby Boomers Who Won’t Sell Are Dominating the Housing Market – Bloomberg

Leave a Reply

Your email address will not be published. Required fields are marked *