Saturday, August 27, 2022

International Home Purchases in California Drop

 Key Highlights

International buyers purchased $59 billion worth of U.S. residential properties from April 2021–March 2022, up 8.5% from the previous year and breaking a three-year streak of declines. 

The average ($598,200) and median ($366,100) purchase prices for international buyers were the highest ever recorded by NAR.

China, Canada, India, Mexico and Brazil were the top five countries of origin by U.S. residential sales dollar volume. The top U.S. destinations for foreign buyers were Florida, California, Texas, Arizona, New York and North Carolina.

See the full article here by Troy Green, National Association of Realtors.

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