Top Dems threatened to forcibly remove Biden from office unless he resigned, set him up to fail at Trump debate: Sourcesfrom the National Association of Realtors, foreign purchases of US residential real estate have sunk to the lowest level ever recorded since 2009, when NAR started tracking it. Between April 2023 and March 2024, non-American homebuyers bought 36% fewer houses compared to the 12-month period prior, the most significant amount of sales to date.
The reason for the sudden backing away, the new NAR report says, is a combination of factors that are also impacting would-be domestic buyers, namely high home prices and low inventory. As well, international investors are currently facing a strong US dollar, which certainly does not help their situation.
“Historically, low housing inventory and escalating prices remain significant factors in constraining home sales for American and international buyers alike,” said Yun.As for those buyers who did buy a stateside abode in the past year, the amount they paid was record-breaking, averaging over $780,000 per property with a median of $475,000. Comparatively, the median price paid in 2023 was $396,400.
The report further noted that half of foreign buyers paid all-cash and 45% intend to use them as a vacation house, rental property or combination of the two. Protect your bed and your wallet and take up to 47% off this Serta Power Chill cooling mattress coverWalmart beat Amazon at its own game and saved its Summer Rollbacks for after Prime Day — check out our 49 favorite dealsMets shortstop Jose Iglesias seeks $7.