Foreign buyers purchased $56 billion worth of existing homes in the United States between April 2024 and March 2025, up by 33.2 percent from the previous 12 months, the National Association of Realtors (NAR) said in a July 14 statement.
In terms of the number of properties, they bought 78,100 units, a 44 percent increase from the prior year. This was also the first annual increase since 2017. The average purchase price was $494,400, a “record high,” NAR said.
“International interest in buying U.S. real estate increased following the global economic recovery from several years of pandemic-related disruptions,” NAR chief economist Lawrence Yun said in a statement.
“However, elevated home prices and interest rates continue to dampen overall potential sales activity and remain well below pre-pandemic levels.”…