In International Purchases Collapse I detailed how foreign buyers had deserted the U.S. But between April 2024 and March 2025, global home seekers purchased 33.2% more homes year over year. That was the largest jump in international activity since before the Covid pandemic. At luxury price points the increase was even more dramatic, with the number of properties sold to foreign buyers between April 2024 and March 2025 climbing to 78,100, up 44%. One reason for the increases is that the euro, pound, Canadian dollar, Japanese yen, and Indian rupee all gained ground against the U.S. dollar. Beneficiaries of the increase were the usual suspects: South Florida, California, Texas, New York and Arizona. Next: What Overseas Visitors are Coming to Arizona?
