New Research Report Released

The 2021 International Transactions in U.S. Residential Real Estate was just released! This report includes data from April 2020-March 2021 and includes highlights such as:

• $54.4 BILLION foreign buyer residential purchases
  • 58% resident foreign buyers
  • 42% non-resident foreign buyers
• TOP 5 FOREIGN BUYERS
  • Canada – 8% of foreign buyers ($4.2B volume)
  • Mexico – 7% of foreign buyers ($2.9B volume)
  • China – 6% of foreign buyers  ($4.5B volume)
  • India – 4% of foreign buyers ($3.1B volume)
  • United Kingdom – 4% of foreign buyers ($2.3B volume)
• TOP US DESTINATIONS
  • Florida (22%)
  • California (15%)
  • Texas (9%)
  • Arizona (5%)
  • New York (4%)
  • New Jersey (4%)
• TOP COUNTRIES OF INTEREST FOR US CLIENTS PURCHASES
  • Mexico (7%)
  • Canada (5%)
  • China (4%)
  • Costa Rica (3%)
  • Dominican Republic (2%)
  • Spain (2%)
  • Argentina (2%)

Additional takeaways:

• 45% of NAR REALTORS® who work with international clients reported the pandemic had NO IMPACT on their international client business.
• China, which has been #1 in the number of homes purchased  since 2015, has fallen to #3 at 6%. However, it remained as the largest foreign buyer in terms of the dollar volume ($4.5B).
• Argentina, Israel, Italy, Japan, and Colombia rounded out the top 10 countries of origin of foreign buyers.
• Other major destinations were North Carolina, Ohio, Georgia, and Michigan, each accounting for 3%.
• Survey respondents reported foreign buyer purchases in 45 states and in the District of Columbia.