Foreign homebuyers spending less on US real estate, report says

  • From April 2015 to March 2016, the total purchase amount from foreign buyers was $102.6 billion, which was a dip from $103.9 billion in the previous 12-month period.
  • Five states accounted for the majority of foreign homebuyer destinations: Florida, California, Texas, Arizona and New York.
  • Chinese buyers spent a total of $27.3 billion in 2016 on U.S. real estate, compared to $11.2 billion in 2010.

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Foreign investment of U.S. real estate is slowing, but not all markets are created equally.

According to the recent 2016 Profile of International Activity in U.S. Residential Real Estate from the National Association of Realtors, slow economic growth in countries throughout the world has put a damper on foreign investment in American real estate.