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.