Foreign Real Estate Investment in U.S. Declined in the Last Year

Rising home prices in the U.S., waning economic growth in many countries and a strengthening U.S. dollar combined to bring down the dollar volume of international sales in U.S. property over the past year, according to a survey by the National Association of Realtors.

Foreign buyers purchased $102.6 billion of residential property, a decrease of 1.3% from last year’s $103.9 billion. Overall, however, foreign buyers bought a total of 214,885 properties, an increase of 2.8% from last year. Typically, the homes were valued higher, at about $277,380, than the median home price at $223,058.

Read more about this annual survey of residential purchases from international buyers at: http://www.housingwire.com/articles/37454-foreign-real-estate-investment-in-us-declined-in-the-last-year