REALTORS® sell homes both to resident and non-resident foreigners. How have sales to non-resident foreigners been, given that major parts of the world have been in economic slowdowns and that the value of the dollar has been appreciating?
The Answer is “Holding Up Reasonably Well.” As part of the REALTORS® Confidence Index survey REALTORS® provide information on existing home sales to non-resident foreigners. The level of sales fluctuates from month to month, so the graph presents the data on a 12 Month Rolling basis.
Sales to non-resident foreigners are currently in the 100,000 per year range, down a bit probably due to the current strength of the dollar and economic slowdowns in some foreign countries. With international economies now recovering, the outlook should be for additional sales and somewhat higher prices.