Waning economic growth in many countries, higher home prices and the strong U.S. dollar resulted in a slight decline in international sales dollar volume in the U.S. over the past year, according to NAR’s Profile of Home Buying Activity of International Clients. Between April 2015 and March 2016, foreign buyers purchased $102.6 billion of residential property, a 1.3% decline from the $103.9 billion purchased in the year before. However volume was up, with a total of 214,885 U.S. residential properties bought by global buyers (up 2.8%).
