International clients comprise one niche of the real estate market. Since 2009, the National Association of REALTORS® (NAR) has conducted an annual survey of REALTORS® to measure the size of U.S. residential real estate sales to international clients, to provide a profile of the origin, destination, and buying preferences of international clients, and to identify the challenges and opportunities faced by REALTORS® in serving foreign clients.
The economic environment during the 12-month period April 2017—March 2018 provided both opportunities and challenges for foreign buyers interested in purchasing U.S. residential property. Amid tight supply, solid employment growth, and historically low interest rates, home prices continued to increase strongly in the United States. Measured in local currencies of foreign buyers, the U.S. home price appreciation was tempered by the weaker U.S. dollar for some countries such as Canada and China. Sustained employment growth in the United States bolstered home buying by domestic residents who competed against foreign buyers for the limited supply of homes on the market.
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Infographic courtesy of ListHubGlobal