Who Is Buying Single-Family Homes And Condos In The US?June 19, 2015 12:14 am
We spotted this stat today:
“Purchasers from China made up 16% of international buyers who bought primarily single-family homes and condominiums in the 12-month period that ended in March, according to the survey by the National Association of Realtors. That was up from 12% in 2013. Canadians made up 14% of international buyers, down sharply from 23% in the 2013 survey. In third place were Mexicans who made up 9% of foreign buyers in the recent period, up slightly from 2013….
The Chinese also dominated dollar volume of properties sold. Buyers from China purchased $28.6 billion of properties in the U.S. in the year ending in March 2015. That compares to $11.2 billion of properties that were purchased by Canadians and $7.9 billion by buyers from India. Mexicans were fourth by dollar volume with $4.9 billion of purchases.”