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National Association of Realtors® Reports International Interest in U.S. Homeownership Increases

July 22nd, 2010 · Leave a Comment

Things are looking up for the real estate industry. A recent survey from the National Association of Realtors®’ (NAR) profiled international home buying activity and found that international homebuyers are increasingly attracted to property in the United States. The report cites several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery as continuing to drive international interest in owning a home in the U.S.

The period of time covered in the survey was from April 1, 2009 to March 31, 2010 and, according to the survey results, during that time period foreign buyers are estimated to have purchased $66 billion dollars of residential property, which amounts to 7 percent of the residential market. These buyers came from 53 different countries around the world. The top four countries were Canada, Mexico, the U.K. and China/Hong Kong.

This is excellent news for the state of real estate in the entire country and Jacksonville. Are you a local real estate professional who has experience working with international buyers here on the First Coast? Tell us about it in the comments section!

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