People from this country are buying up the most homes in America right now, even as international sales dry up
International buyers only bought about 67,000 homes in the U.S. over the last 12 months ending in March, a near-record low, according to the National Association of Realtors.
The latest data from the National Association of Realtors shows that international buyers are purchasing fewer homes in the US, with only about 67,000 homes bought over the last 12 months ending in March, a near-record low. This decline is significant, as it indicates a continued slowdown in international sales, which had been a notable trend in the US real estate market in previous years.
Despite this overall decline, buyers from one particular country are bucking the trend, purchasing the most homes in America right now. While the summary doesn't specify which country it is, this development is worth watching as it may indicate a shift in market dynamics or the emergence of new investor groups. For brokers, understanding the changing landscape of international buyers can help inform their business strategies and identify new opportunities.
As the US real estate market continues to evolve, brokers should keep a close eye on trends related to international buyers, particularly which countries are leading the way in terms of purchases. Additionally, it's essential to monitor how these shifts may impact local markets, housing prices, and the overall demand for homes. By staying informed, brokers can better position themselves to navigate the changing market and capitalize on emerging opportunities.
Originally reported by marketwatch.com. BrokerNews adds analysis for finance & markets readers.