News

The 2022 International Transactions in U.S. Residential Real Estate was just released this week.

This report includes data from April 2021-March 2022 and includes highlights such as:

• $59 BILLION foreign buyer residential purchases
  • 8.5% increase from the previous year, breaking a three-year streak of declines
  • 57% resident foreign buyers
  • 43% non-resident foreign buyers
• TOP FOREIGN BUYERS
  • Canada – 11% of foreign buyers ($5.5B volume)
  • Mexico – 8% of foreign buyers ($2.9B volume)
  • China – 6% of foreign buyers  ($6.1B volume)
  • India – 5% of foreign buyers ($3.6B volume)
  • Brazil – 3% of foreign buyers ($1.6B volume)
  • Colombia – 3% of foreign buyers ($1.0B volume)
• TOP US DESTINATIONS
  • Florida (24%)
  • California (11%)
  • Texas (8%)
  • Arizona (7%)
  • New York (4%)
  • North Carolina (4%)

Additional takeaways:

• Germany, the United Kingdom, France and Japan round out the top 10 countries of origin of foreign buyers.
• Other major state destinations were New Jersey, Illinois, South Carolina and Virginia.
• The average ($598,200) and median ($366,100) existing-home sales prices among international buyers were the highest ever recorded by NAR – at 17.7% and 4.1% higher, respectively, than the previous year