Foreigners are buying US residential real estate at a record clip

2017-09-12
China

Foreigners increasingly believe that the US is a safe place to work, invest and live. About 10 percent foreign buyers paid over $1 million for their residential real estate, and 44 percent are all-cash buyers. The top two countries that favor the US real estate are China and Canada. Chinese paid the highest dollar volume, while Canadian buyers purchased most homes. The top five countries in terms of dollar volume after China are Canada, UK, Mexico and India. Interestingly, buyers from different foreign countries have a different preference on location. Chinese favor California; Canadians prefer Florida, and Mexicans like Texas. 

Source: Yahoo Finance

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