Foreign home buyers propped up a number of local housing markets in 2011.
A recent report from the National Association of Realtors (NAR) revealed that international buyers spent $82.5 billion in the U.S. housing market in 2011, which accounted for 9 percent of the total sales volume ($930 billion). The $82.5 billion number represented a 25 percent increase over 2010.
So, who is buying and where? The Canadians, Chinese, Mexicans and Britons were in the top four, and the most popular states for international buyers were Arizona, California, Florida and Texas.
For the full NAR report, click here.
This article originally published at https://dc.urbanturf.com/articles/blog/here_come_the_international_buyers/5706.
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