U.S. International Buyers Fall Again!

Posted: August 13, 2020 | Source: www.floridarealtors.org

Foreigners bought $74 billion worth of U.S. homes between April 2019 and March 2020, a drop of 5%, while the number of international home purchases declined 16%. Overall international sales in the U.S. have dropped over 40% since 2017 hit by a triple whammy of a strong U.S. dollar, weak international economic growth and negative rhetoric from President Trump against some foreign countries. Experts expect the trend to get worse due to the coronavirus and closed borders. Florida real estate is the #1 state for international buyers with 22% of the market.