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Residential Purchases by Foreign Buyers by State

NAR’s Profile of International Home Buying Activity is available on an annual basis, providing information on the 2 to 3 percent of the existing home sales made annually to foreigners.  Data from the 2010, 2011, and 2012 reports indicate that Canadians constitute the biggest segment of the market, followed by Europeans, Asians, Central/South Americans, Chinese, and Mexicans.

Generally there are foreign buyers in most areas of the country.  However, there are regional patterns.

  • Europeans were focused on Florida, New York, California, and Texas.

  • Chinese purchasers were most active in California, with additional property interests spread throughout the country.

  • Central and South Americans focused on Florida (66 percent) and Texas (7 percent), with the rest of their purchases throughout the country.
  • Canadians were active in Arizona (23 percent), California (10 percent) and Florida (46 percent).
  • Mexican purchasers focused on Texas (44 percent), California (13 percent), and Arizona (11 percent), all states with close proximity.

What Does This Mean for REALTORS®?

Overall, the total number of foreign buyers is relatively limited, at slightly under 3 percent in terms of number of residential transactions.  The bulk of the transactions are concentrated in a few states.   REALTORS® approached by foreign buyers may benefit from reviewing some of the information provided by NAR’s  Global Business and Alliances division concerning international sales:  www.realtor.org/global.  The 2012 Profile is available at  http://www.realtor.org/reports/profile-of-international-home-buying-activity, and a 2013 report will be available later this year.

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

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Comments
  1. Thank you for all the great Info Mike Trujillo Realtor at Dynamic Team Realty

  2. Great Info, is there an RSS feed for International Buyer/Seller stats for US and Florida Market?

  3. T.J. Doyle, Marketing & Communications Manager

    Yvonne, I would go check out this page:
    http://www.realtor.org/topics/profile-of-international-home-buying-activity

  4. We’ve seen an increase again this year, with the addition of some Asian buyers to the Canadians and those from the U.K.

  5. How about information about Canadians and where the purchase as one of the largest investor groups.
    I think it is important to think of how we can best make this source of buyers work not only for us but for the communities they are moving in to.
    The connections with place they will find as a starting place to make friends and Business connections will help both the Buyers and the neighbors they are starting to meet.