Less Foreign Buyers Spend More.
Fewer international buyers are buying U.S. real estate according to the National Association of REALTORS®’ 2015 Profile of Home Buying Activity of International Clients. In 2014, sales transaction to buyers outside of the U.S. dropped 10%.
But those who did buy spent more on their home purchases. From April 2014 through March 2015, total international sales were estimated at $104 billion, an increase of 13%.
Sales to global home buyers represent about 8% of the total existing U.S. home sales dollar volume.