International Homebuyers On The Rise
July 31, 2014
According to the National Association of Realtors Profile of International Home Buying Activity report, foreign home buyers purchased an estimated $92.2 billion dollars in U.S. real estate from April 2013 to March 2014. This 35 percent increase from the previous period’s level of $68.2 billion. The dollar level of international sales was roughly 7percent of the total U.S. Existing Homes Sales (EHS) market of $ 1.2 trillion for the same period. Compared to the previous year, sales to foreigners increased both in numbers of transactions and in average price.
