Foreign buyers purchased $74 billion worth of U.S. existing homes from April 2019 through March 2020, a 5% decrease from the previous 12-month period and the second consecutive annual decline in foreign investment in U.S. residential real estate, according to a new survey from the National Association of Realtors ® . Foreign buyers purchased 154,000 properties, down 16% from the prior year.
NAR’s 2020 Profile of International Transactions in U.S. Residential Real Estate surveyed members about transactions with international clients who purchased and sold U.S. residential property from April 2019 through March 2020. Foreign buyers who resided in the U.S. as recent immigrants or who were holding visas that allowed them to live in the U.S. purchased $41 billion worth of U.S. existing homes, an 8% decrease from the prior year and 61% of the dollar volume of purchases. Foreign buyers who lived abroad purchased $33 billion worth of existing homes, down 1% from the previous 12 months and accounting for 39% of the dollar volume. International buyers accounted for 4% of the $1.7 trillion in existing-home sales during that time period.
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