U.S. Market Still Attracts International Buyers
September 23, 2009
Nearly a quarter of Realtors® served international clients in 2008/2009, according to the recently released 2009 NAR Profile of International Home Buying Activity Cloak & Dagger dvdrip
Three Way film report. The study shows a decline in the percentage of Realtors® selling homes to foreign buyers compared to previous years: 23 percent in 2009, 26 percent in 2008 and 32 percent in 2007. The percentage of decline, however, has narrowed and mirrors the overall decline in the existing home sales market. (Sales decreased 39 percent between September 2005 and January 2009 due to financial and economic conditions.) NAR reports that there is confidence that when global economic market conditions improve, the rate of home purchases by international buyers will increase.
The 2009 study indicates that the greatest home purchasing activity by international clients occurred in Florida, Texas, California, and Arizona. The top regions of origin for international buyers were Europe (30.8 percent), North America (27.5 percent) and Asia (25.2 percent).
The current report reflects activity of Realtors® in the 12 months between May 2008 and May 2009. It also contains data on commercial purchases and information about barriers to foreign buyers to purchasing U.S. property.
Comments
3 Responses to “U.S. Market Still Attracts International Buyers”
Got something to say?
Polls
Loading ...
Brian, it surprised me that we have so many international buyers purchasing property in the states. Here in Wisconsin, its to cold to spark any interest in making a purchase. I suspect the southern states that are selling international buyers must have a fun time marketing their websites in a way to retain those clients.
Just wanted to say this information was extremely useful and very important. Many Americans and American companies dont realize that the world is now global and international clients are extremely important.
The report was put together very well. Just the right amount of information needed….not too wordy.
Caren Stutz
International PR Executive
@Robert – I suspect the more you match the needs of the International buyer to your market area the greater opportunity you may find locally. From my travels, I know WI has many beautiful lakes with much opportunity for water sports, boating and fishing.
@Caren – Thank you for your feedback. It’s my hope that the sharing of my exploration and ventures in International real estate will help ignite a burning curiosity in others.