NAR recently released the 2020 International Transactions in U.S. Residential Real Estate report, which includes information regarding REALTOR® transactions with international clients who purchased and sold U.S. residential property from April 2019 to March 2020.
Highlights from the report include:
- $74 Billion – The dollar volume of foreign buyer residential purchases during April 2019 – March 2020 (5% decrease from $77.9 billion during April 2018 – March 2019)
- 154,000 – The number of foreign buyer existing-home purchases, which is 3% of existing-home sales (down 16% from 183,100 during April 2018 – March 2019)
- 61% – Foreign buyers who resided in the United States as recent immigrants or visa holders
The top five foreign buyers throughout the U.S. include:
- China ($15 Billion)
- Canada ($9.5 Billion)
- Mexico ($5.8 Billion)
- India ($5.4 Billion)
- And Colombia, replacing the United Kingdom as the newest country on the list ($1.3 Billion)
Additionally, Illinois held steady with 3% of all foreign buyers. The top foreign buyers investing in Illinois include:
- Asia: 37%
- Latin America: 22%
- Europe: 20%
- “Unknown buyers:” 18%
- India and Mexico: 5% each