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Top Destination States of International Buyers

There is international home buying activity throughout the country, but the top destination states in terms of number of buyers were Arizona (9% ), California (17%), Florida (23%), and Texas (9%). This information is based on the National Association of REALTORS® 2013 Profile of International Home Buying Activity, which summarizes transactions reported by over 3,300 REALTORS® for the 12 months ended March 2013.

Proximity to the home country, the presence of relatives, friends and associates, job and education opportunities, and climate and location appear to be important considerations to prospective buyers:

  • Europeans are attracted to states with warmer climates such as Florida and Arizona.
  • The West Coast is attractive to Asian purchasers.
  • Buyers from Mexico favor states in close proximity such as Texas and Arizona.
  • Florida appears to be attractive to South Americans as well as Europeans and Canadians.
  • Buyers from India are locating in urbanized areas and states that are home to IT companies such as California, New York, and North Carolina.

What Does This Mean to REALTORS®? There is a good chance of having a foreign buyer, whose expectations and needs may differ from those of U.S. buyers. Although buyers are concentrated, almost every state has at least some foreign interest. The Global section of the realtor.org website global provides a substantial amount of information on international transactions.

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. With Housing Inflation rising on prices and rates and if the 30% plus cash buyer leaves.. Hmmmm how can the first time buyer step with higher home prices, higher rates and majority of the jobs created being low income paying jobs

    On another note… sideline buyers myth? Hmmm Purchase Apps are going into a negative trend

    Had to go on Bloomberg financial and destroy this myth like the myth of tight lending standards

    http://loganmohtashami.com/2013/06/25/will-be-on-bloomberg-financial-talking-about-bernanke-rising-rates-and-its-impact-on-housing/

  2. Happy to see my home State of Arizona tie for third! The market is hot and I have no plans on leaving.

  3. Good blog but, where’s Hawaii? We get many international guests here so it makes me wonder, where’s Hawaii?