2007 NAR Profile of International Home Buying Activity (PDF; 297 KB)
Source: National Association of Realtors
From press release:

Nearly one in five Realtors® has sold a home to an international client in the past year, according to new research by the National Association of Realtors®.

The 2007 NAR Profile of International Home Buying Activity is the most comprehensive research that NAR has ever conducted to explore the characteristics of second-home purchases in the United States made by international clients. An international client is a foreign citizen living abroad who has legally entered the United States to purchase a home.
…
In 2006, most international home buyers purchased single-family homes or townhomes, and like most domestic home buyers, they financed their purchase. However, they showed stronger preferences for condos/apartments when compared to U.S. home buyers; 22 percent of international buyers purchased condos/apartments, versus 12 percent of U.S. buyers. Twenty-eight percent of foreign buyers bought their houses with cash, compared to 8 percent of U.S. buyers. The median sales price of homes purchased by international buyers was $299,500, which is significantly higher than the U.S. median of $221,900 during the same period.

This entry was posted on Monday, July 30th, 2007 at 5:40 pm and is filed under Business and economics, Housing and real estate, International. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.