Posted To: MND NewsWire
The National Association of Realtors® (NAR) reports that there was a fourth consecutive year-over-year decline in the rate of investment in U.S. real estate by international buyers. In the 12 month period that ended on March 31 those buyers purchased 107,000 residential properties for a total of $54.4 billion. This was down 31 percent and 27 percent respectively from the prior 12 month period in which foreign investors spent $72 billion to buy 154,000 units, and the lowest set of numbers since 2011. NAR’s 2021 Profile of International Transactions in U.S. Residential Real Estate is based on a survey of its members about transactions with international clients who purchased and sold U.S. residential property from April 2020 through March 2021. NAR divided buyers into two categories; Type…(read more)
