Foreign buyers drown $ 56b in US homes over the past year – with 1 state account for nearly a quarter of their purchases

After a long break of the Pandemia era, the builders of foreign houses are finally packing their walls and Florida seems to be their favorite landing bar.

International buyers threw $ 56 billion in US real estate between April 2024 and March 2025, marking a 33% jump in the volume of the dollar a year ago, according to a report Monday by the National Realtors Association.

In total, buyers grabbed 78,100 houses across the country, a 44% increase and the first growth of one year a year since 2017.

After the years of slowdown in the Pandemia era, international purchases of US homes increased 44% to 12 months to March, reaching $ 56 billion in volume, according to a new report by the National Association of Realtors. Gary – Stock.adobe.com
It is the first annual growth since 2017, driven by high record media prices ($ 494,400) and a wave of luxury deals, all pre-Para, half of foreign buyers passed the mortgage altoget. Nar

“The international interest in the purchase of real estate in the US increased after global economic recovery from several years of pandemic-rebellious interruptions,” said Lawrence Yun, NAR leading economist in the report.

However, the report stops from the influence of the last geopolitical shifts.

Given its timely space surveyed, the data reflect the activity shortly before the announcement of President Trump’s comprehensive fees in early April – an event that is already linked to the softening question, especially by Canadian buyers.

However, during the study period, the average sale price between these transactions reached a record of $ 494,400, with nearly half of international payers paying money.

“To some extent, the second for high death rates stubbornly, a large number of international home buyers pays money – 47% compared to 28% among all buyers – and they were more likely to buy houses taken at the top of the market,” Yun added.

Florida once again led the package, capturing 21% of the abroad demand, followed by California and Texas. Kevin Ruck – Stock.adobe.com

The main foreign consumers included buyers from China, which accounted for 15%of the agreements, followed by Canada (13%), Mexico (8%), India (6%) and the United Kingdom (4%).

As in previous years, Florida remained the indisputable capital of the foreign buyer’s interest, accounting for 21% of all purchases.

“Growing from a significant increase in state housing inventory, Florida remained the main destination for buyers of foreign houses, extending a stretak for at least 15 years,” Yun said.

California ranked second, with Texas, New York and Arizona rounding the first five.

Chinese and Canadian buyers dominated the ranks, with Mexico, India and the UK also in the mix. Stock of Adobe
But the return may already be losing steam: the ratio stops catching trends after April, when new Trump tariffs and high rates begin to weigh in question, especially from Canada. Francisco – Stock.adobe.com

However, the rebuke has not fully returned to its pre-landmark strength.

“Raised home prices and interest rates continue to damage the overall sales activity and remain much below the pre-paragandemic level,” noted Yun.

#Foreign #buyers #drown #56b #homes #year #state #account #quarter #purchases
Image Source : nypost.com

Deixe um comentário