PHOTO: The Property Voice
WASHINGTON, July 26, 2018 /PRNewswire/ — Rising home prices and low inventory led to a decline in foreign home purchases in the United States. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period, according to an annual survey of from the National Association of Realtors®.
NAR’s 2018 Profile of International Transactions in U.S. Residential Real Estate, https://www.nar.realtor/research-and-statistics/research-reports/profile-of-international-activity-in-us-residential-real-estate, found that foreign buyers and recent immigrants accounted for 8 percent of the $1.6 trillion existing home sales, a decrease from 10 percent during the 12-month period that ended March 2017.
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