Foreign buyers are slowly returning to The U.S. housing market

A National Association of Realtors (NAR) survey of 9,400 realtors conducted from April 11, 2021, to May 9, 2022, shows that international buyers purchased 98,600 residential properties last year, totaling $59 billion.

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Highlights

$59 billion: dollar volume of residential purchases from foreign buyers from April 2021 to March 2022 (2.6% of $2.3 trillion of existing home sales dollar volume)

98,600: Number of existing home purchases from foreign buyers from April 2021 to March 2022 (1.6% of 6.06 million existing home sales)

57%: Foreign buyers residing in the United States (recent immigrants; less than two years old at the time of transaction) or nonimmigrant visa holders (Type B)

Main foreign buyers:

• Canada (11% of foreign buyers, $5.5 billion)

• Mexico (8% of foreign buyers, $2.9 billion)

• China (6% of foreign buyers, $6.1 billion)

• India (5% of foreign buyers, $3.6 billion)

• Brazil (3% of foreign buyers, US$ 1.6 billion)

• Colombia (3% of foreign buyers, $1.0 billion)

Major destinations:

NAR - Survey

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