International Real Estate Buyers Still Target U.S.
Washington, DC, June 25, 2013 -- International buyers of homes in the U.S. have declined in the past year, but still represent over six percent of total existing-home sales in value, according to the National Association of Realtors.
According to NAR's 2013 Profile of International Home Buying Activity, interest in U.S. properties continues to grow, signaling that America continues to be regarded by international buyers as a great place to own property.
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The survey of realtors showed that total international sales were $68.2 billion, down approximately $14 billion from the previous year.
The decline is attributed to a number of temporary factors, including economic slowdowns in a number of major foreign economies, tighter U.S. credit standards and unfavorable exchange rates.