Foreign Purchases Of US Homes Collapsed 50% In Last Two Years

Foreign purchases of U.S. homes have dropped by half over the last two years, a fresh blow to the top end of the market in New York City, Miami and cities in California. Foreigners bought less than $78 billion worth of U.S. residential real estate in the year that ended in March—a 36% decline from $121 billion the previous year, according to a report released Wednesday by the National Association of Realtors.

 

 

 

 

 

 

 

 

 

 

https://www.wsj.com/articles/foreign-buying-of-u-s-homes-suffers-record-drop-11563396472?mod=hp_lead_pos6

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