U.S. International Buyer Trends - ListGlobally 2021 Report
The effects of the pandemic have radically changed consumer behaviors and buying and selling trends in real estate markets, globally.
There is good news. If you are interested in joining the international real estate market, there is no better time than now. In 2021, the pandemic incited a home-buying frenzy as a housing shortage converged with low mortgage rates and shifting workplace dynamics. Sales activity grew consistently in the second and fourth quarters after periods where pandemic waves temporarily dampened the markets.
Top Regions of Interest
The top five regions of interest to international buyers looking for property in the US are:
- 22.5% Florida
- 20.4% California
- 13.2% New York
- 4.2% Texas
- 3.3% Hawaii
Median purchase price from an international buyer was $462,900, on average $46,000 above domestic purchases (Source: CNBC).
Total Property Sales to International Buyers was $107 Billion in 2021. Over 39% of international buyers paid all-cash for property in the United States.
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