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Home Purchases by Foreign Buyers Decrease Nearly 20%
['Beth Mcguire']
RISMedia
According to the report, International buyers purchased 67,100 properties, the second-lowest level since NAR began tracking foreign buyer activity in 2009.
The median purchase price for foreign buyers was $465,000.
Foreign buyers who lived abroad purchased 29,500 homes (44% of all foreign purchases) with a total dollar volume of $23.5 billion, the report showed.
“Foreign buyers from Canada and Mexico—countries that border the U.S.—bought the most housing units.
Florida, with its beaches and favorable winter climate, continues to be the top state to draw foreign buyers,” said Yun.