Foreign Buyers Purchasing Fewer U.S. Homes In 2018
The latest 'Profile of International Transactions in U.S. Residential Real Estate 2018' shows that foreign buyers were purchasing fewer U.S. homes and for lower average prices compared to the same 12-month period. The latest survey from the National Association of Realtors covers April 2017 through March 2018. Some of the highlights include A decrease in purchases from $153 billion to $121 billion A unit decrease from 284,500 properties to 266,800 An average price decrease from $536,900 to $454,400 Texas accounted for 9 percent of foreign purchases of homes, behind Florida (19%) and California (14%) For [...]