top of page

National News: International Buyers are Pulling Back!


International buyers appear to be pulling back from their recent home buying sprees in the United States. According to the National Association of REALTORS® International sales in the U.S. totaled $121 billion from April 2017 to March 2018, a 20 percent decline from a year ago.

Foreign buyers and recent immigrants accounted for 8 percent of existing home sales, a decrease from 10 percent during the 12-month period that ended March 2017, according to NAR’s 2018 Profile of International Transactions in U.S. Residential Real Estate.

“Inventory shortages continue to drive up prices, and sustained job creation and historically low interest rates mean that foreign buyers are now competing with domestic residents for the same, limited supply of homes.”

Five countries comprised nearly half—49 percent—of the dollar volume of purchases by foreign buyers: China, Canada, India, Mexico, and the United Kingdom. China.

The highest amount of foreign buying activity in the U.S. continues to be centered on three states: Florida (19 percent); California (14 percent); and Texas (9 percent).

Source: “2018 Profile of International Transactions in U.S. Residential Real Estate,” National Association of REALTORS(R) (July 26, 2018)

  • Debora Sanders Realtor Instagram - Your Central Coast Realtor
  • Debora Sanders Realtor Facebook
  • Debora Sanders Realtor Youtube
  • Debora Sanders Realtor Linkedin

Sotheby's International Realty
3775 Via Nona Marie Suite 100, Carmel CA 93923
831-624-9700

License: DRE#01966114

PSA_logo_edited.png
WCR logo.jpg
ILHM_Member_Seal_RGB_Small_1187628351_9922.png
ILHM_GUILD_Seal_RGB_Small_1187628351_1170.png
ILHM_CLHMS_Seal_Grayscale_thumbnail_125_1187628351_7872.png

Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

*All Rights Reserved*

Designed by Kollaborativ  

bottom of page