Sales of U.S. homes to foreign buyers fell by 31% from April 2020 to March 2021, according to the National Association of Realtors.
At just 107,000 properties purchased by international buyers, it was the lowest unit volume and lowest dollar volume since 2011.
International buyers purchased 107,000 properties, marking the lowest unit volume and lowest dollar volume since 2011. Chinese buyers are particularly important to watch, as China had taken over as the lead demand for U.S. housing in the early part of the last decade but then fell back slightly during the Trump administration. Now Chinese buyers are apparently surging back in.
International buyers, as well as everyone else, are also far more comfortable now with virtual homebuying.
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