Foreign investment in residential U.S. real estate has skyrocketed according to the 2017 Profile of International Activity in U.S. Residential Real Estate. In the 12 month period from April 2016 – March 2017, 284,455 homes were bought by foreign buyers (up 32%), for a total sales dollar volume of $153.0 billion – up 49% from 2016 ($102.6 billion). China is still the top buyer of U.S. residential real estate, but Canada accounted for the most growth in the past year, from $8.9 billion in 2016 to $19 billion in 2017. The top 5 countries are: China ($31.7B) – a 16% increase; Canada ($19.0B) – a massive 113% increase; U.K. ($9.5B); Mexico ($9.3B); and India ($7.8B). All five countries saw increases from the 2016 survey. The top states were: Florida (22%), California (12%), Texas (12%), New Jersey and Arizona (4%).
Corel Corporation