International Home Buyer Activity Slides in U.S., Down 21 Percent
August 17, 2018 / Michael Gerrity
Rising home prices and low inventory led to a decline in foreign home purchases in the United States. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period, according to an annual survey from the National Association of Realtors.
NAR's 2018 Profile of International Transactions in U.S. Residential Real Estate, found that foreign buyers and recent immigrants accounted for 8 percent of the $1.6 trillion existing home sales, a decrease from 10 percent during the 12-month period that ended March 2017.