Purchase of U.S. Property by Foreign Buyers Slips to the Lowest Level Ever Recorded
Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping 9.6% from the previous 12-month period, according to a recent report from the National Association of REALTORS® (NAR). Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes bought since 2009,…
