The NAR has released the latest Profile of International Activity in U.S. Residential Real Estate. It shows that foreign buyers bought 266,800 residential properties, a decrease from 284,000 from the previous 12 month period. The major foreign buyers continue to be from China, Canada, the United Kingdom, India, and Mexico. The average price of properties also declined to $454,400, a decrease from $536,900. All of this is logical due to lessened affordability and tighter supply in most U.S. markets.
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