AMERICA: HOME SWEET HOME
Interesting new findings from the National Association of Realtors. The industry group reveals that sales of American residential properties to “foreign buyers” are up by 49 percent, with total sales topping a record-breaking $153 billion last year. These buyers purchased 264,455 properties — a number which is up by a third since 2016.
So where do these home buyers hail from? Folks from China lead the way, snapping up $31.7 billion in properties. Canada was in second place ($19 billion), followed by Britain ($9.5 billion), Mexico ($9.3 billion) and India ($7.8 billion).
The five top states for home purchase? They are Florida, followed by Texas, California, New Jersey and Arizona.