NAR Releases the 2020 International Transactions in U.S. Residential Real Estate Report

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

Read the full report here.