merica has always percent of the homes purchased by
attracted home buyers from foreign buyers were
other countries and still condos/apartments as against the
continues to do so, being one of 12% of homes purchased by U.S.
the most popular markets for buyers.
international real estate. Read
on to know the latest statistics The Sun Belt states, which have
in support of this fact. In a recorded the maximum number of
comprehensive research conducted home sales, seem to be the most
on the home buying preference of popular choice of location for
international real estate buyers foreign buyers. Florida emerged
in the U.S., the National as the top state with the maximum
Association of Realtors (NAR) number of foreign home buyers.
found a significant rise in the The South led the rest of the
home buying activity among regions, recording 49% of foreign
overseas home buyers. home purchases. The West followed
closely accounting for 31% of
At least one in every 5 realtors home purchases by foreigner
has sold a second home in the buyers. The Midwest region had
U.S. to an international client 11% of homes purchased by foreign
between April 2006-2007. home buyers while the Northeast
According to the report, a accounted for 9%. These findings
typical foreign home buyer come from the 2007 NAR Profile of
purchased a detached International Home Buying
single-family home or town home Activity, a survey of the foreign
and spends an average of 4.2 home buying activity between
months in the U.S. property. They April 2006 and April 2007.
also had a strong preference for
condos/apartments when compared The top U.S. states where foreign
to local buyers. Twenty two buyers buy real estate according
to the report are given below,
along with the percentage of all
international home buying transactions: type="text/javascript">
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Rancho Bernardo Real Estate
Carmel Valley Real Estate
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