From NAR
International buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2% from the prior year. The 54,300 existing homes sold – the lowest since NAR began tracking in 2009 – slid 36% from the previous year.
"The strong U.S. dollar makes international travel cheaper for Americans but makes U.S. homes much more expensive for foreigners," said NAR Chief Economist Lawrence Yun. "Therefore, it's not surprising to see a pullback in U.S. home sales from foreign buyers."
NAR will host its "Unlocking Global Opportunities" webinar on Wednesday, July 31, at 1 p.m. Eastern, where experts will discuss the findings of this year's report, and Realtors® will share their personal experiences with international investment and how it has expanded their business. The webinar is open to the public and those interested in attending can register here.
View the full 2024 International Transactions in U.S. Residential Real Estate report at: nar.realtor/research-and-statistics/research-reports/international-transactions-in-u-s-residential-real-estate.
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