International Buyers Eye High-End Homes
The NATIONAL ASSOCIATION OF REALTORS®’ 2012 Profile of International Home Buying Activity, released in June, shows that 52 percent of REALTORS® had at least one international transaction in the past year.
Total residential international sales in the United States for the past year ending March 2012 equaled $82.4 billion in 2012, up dramatically from $66.4 billion in 2011.
Although U.S. home sales to foreign buyers declined slightly in the year through March 2012, a spike in sales of more expensive property pushed the total sales volume of international sales up 24 percent.
To view the report, visit the Profile of International Home Buying Activity page on nar.realtor.