NAR released the 2016 Profile of International Activity in U.S. Residential Real Estate, which presents REALTOR® transactions with international clients in the U.S. for a 12-month period between April 2015 and March 2016. This year's report focuses on both international buyers purchasing in the U.S. and U.S. buyers purchasing abroad. Highlights include:
• Foreign buyers purchased $102.6 billion of residential property from April 2015–March 2016, a decrease from $103.9 billion in the previous 12-month period.
• Foreign buyers purchased 214,885 residential properties, an approximately three percent increase from 208,947 in the previous 12-month period.
• Foreign buyers typically purchase more expensive properties.
• Although foreigners purchased property nationwide, five states accounted for 51 percent of total residential property purchases: Florida (22 percent), California (15 percent), Texas (10 percent), Arizona (four percent), and New York (four percent).
For more information or to read the full report click here.