• Foreigners Want American Real Estate Foreigners Want American Real Estate

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    Foreigners Want American Real Estate

    Foreign Buyers and recent immigrants are buying the most real estate as ever since record keeping started in 2009. They spent $153 billion on American properties which was a 49% overall increase from last year. These purchases accounted for 10% of the total value of existing home sales in the US (not including new homes).

    Canada

    A big factor in this increase is Canada. They nearly doubled their purchases in the US in the last year due to the relative affordability of homes in the states. With cities like Toronto and Vancouver becoming more expensive, the US market becomes more appealing.

    China

    Beating Canada, China was the biggest buyer. They spent almost $32 Billion dollars during the surge, while Canada spent $19 Billion.

    Top States

    The top 5 states that foreigners are investing in are Florida, California, Texas, New Jersey, and Arizona. Canadians started investing in Florida, China focused on California and Mexico preferred Texas. It's all about location.

    Foreign Buyers and recent immigrants are buying the most real estate as ever since record keeping started in 2009. They spent $153 billion on American properties which was a 49% overall increase from last year. These purchases accounted for 10% of the total value of existing home sales in the US (not including new homes).

    Canada

    A big factor in this increase is Canada. They nearly doubled their purchases in the US in the last year due to the relative affordability of homes in the states. With cities like Toronto and Vancouver becoming more expensive, the US market becomes more appealing.

    China

    Beating Canada, China was the biggest buyer. They spent almost $32 Billion dollars during the surge, while Canada spent $19 Billion.

    Top States

    The top 5 states that foreigners are investing in are Florida, California, Texas, New Jersey, and Arizona. Canadians started investing in Florida, China focused on California and Mexico preferred Texas. It's all about location.

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