Florida continues to dominate the international buyer market share
Wednesday, July 16, 2014
Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments.
According to the National Association of REALTORS® 2014 Profile of International Home Buying Activity, for the period April 2013 through March 2014 total international sales have been estimated at $92.2 billion, an increase from the previous period’s level of $68.2 billion.
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International buyers and recent immigrants purchased homes throughout the country, but four states accounted for 55 percent of the total reported purchases – Florida, California, Arizona, and Texas. Florida remains the destination of choice, claiming a 23 percent share of all foreign purchases. California comes in second with 14 percent, Texas with 12 percent and Arizona with 6 percent.