International Transactions in U.S. Residential Real Estate

By MNR News posted 08-27-2021 07:49

  

graphic of map Foreign homebuying activity is dropping in the U.S., even as overall housing demand soars. Foreign investment in American homes has plunged 27% to $54.4 billion—which marks the lowest level in a decade, according to the National Association of REALTORS®’ 2021 Profile of International Transactions in U.S. Residential Real Estate.

Overall, international buyers made up 2.8% of the $5.8 trillion in existing-home sales from April 2020 through March 2021. 

The top five countries of origin for U.S. residential sales were:
China ($4.5 billion)
Canada ($4.2 billion)
India ($3.1 billion)
Mexico ($2.9 billion)
United Kingdom ($2.7 billion)

Top Destinations for Foreign Investors
Florida (21%)
California (16%)
Texas (9%)
Arizona (5%)
New Jersey (4%)
New York (4%)

Some additional highlights from NAR’s report:

  • The median existing-home sales price among international buyers is $351,800, 15% more than the $305,500 median price for all existing homes sold in the U.S.
  • All-cash sales comprise 39% of international buyer transactions.
  • 43% of foreign buyers purchased a primary residence in the U.S.

You can view the full report here.

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