Florida Tops Nation in Home Purchases by Foreigners
The National Association of REALTORS® (NAR) recently released the 2016 Profile of International Activity in U.S. Residential Real Estate, which tracked residential real estate activity of international buyers from April 2015 to March 2016. The NAR's report found that between April 2015 and March 2016, 214,885 residential properties were purchased in the United States by foreign buyers, accounting for $103.9 billion in sales. This represents a nearly 3% increase over the previous 12-month period. In addition, the report concluded that...
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