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Tuesday, March 31, 2015

US Real Estate Purchases by International Clients in 2014

NAR Global Research shares that the international clients' real estate purchases in the United States reveal that:

  • $92.2 Billion of purchases sold to foreign buyers, 12 months ending March 2014
  • Sales split approximately 50/50 between resident and non-resident foreigners.
  • Foreign sales approximately 7 percent of $1.2 Trillion EHS market.
  • 28 percent of REALTORS® reported having international clients. Market is a niche market—a relatively few REALTORS® handle many of transactions: e.g., 4% of REALTORS® have 11 or more clients
  • Market fluctuates from year to year substantially; long term market trend is up: 20 percent of REALTORS® report market increasing over past 5 years compared to 6 percent reporting declining.
  • Foreign buyers are upscale: Mean purchase price above that paid by domestic buyers.
  • Five countries (Canada, China, Mexico, India, U.K.) accounted for 54 percent of foreign sales.

Reference: 

Profile of international Home Buying Activity http://www.realtor.org/reports/profile-of-international-home-buying-activity

2014 Profile of International Home Buying Activity Purchases of U.S. Real Estate By International Clients for the Twelve Month Period Ending March 2014 http://www.realtor.org/sites/default/files/reports/2014/2014-profile-of-international-home-buying-activity-2014-07-09.pdf