We live in a global marketplace. While all real estate is local, not all property buyers are. A significant share of home purchases are made by people whose primary residence is outside of the U.S. The annual Profile of International Activity in U.S. Residential Real Estate highlights foreign client purchases and sales of U.S. residential property, and looks at U.S. clients seeking to buy property abroad.
- Foreign buyers purchased $153.0 billion of residential property from April 2016—March 2017, an increase from $102.6 billion during the previous 12-month period (April 2015—March 2016).
- China remained as the top country of origin for foreign buyers, followed by Canada, the United Kingdom, Mexico, and India.
- Although foreigners purchased property nationwide, five states accounted for 54 percent of total residential property purchases: Florida, Texas, California, New Jersey, and Arizona.
- Most non-resident foreign buyers made an all-cash purchase (72 percent), while a smaller fraction of resident foreign buyers paid all-cash (35 percent).
- Twenty-nine percent of REALTOR® respondents reported working with international clients, about the same fraction as in the previous 12-month period.