POPULAR PLACES
WHY BUY IN THE U.S.?
BY THE NUMBERS: April 2019 – March 2020
HOME SALES INTHE U.S. April 2019 – March 2020
TOP COUNTRIES BY DOLLAR VOLUME (USD)
TOP STATES FOR INTERNATIONAL PURCHASES (by number of homes April 2019 –March 2020) WHILE INTERNATIONAL BUYERS PURCHASE HOMES THROUGHOUT THE U.S., FOUR STATES RECORDED MORE THAN HALF OF THOSE SALES: FLORIDA, CALIFORNIA, TEXAS, AND NEW YORK.
International purchases of U.S. homes $74B (USD)
ANYONE CANBUYANDOWNPROPERTY INTHE UNITED STATES REGARDLESS OF CITIZENSHIP.
China Canada Mexico India Colombia
$11.5 billion
$9.5 billion
A historically strong economy, investment security, moderate pricing, government stability and educational opportunities make the U.S. a globally attractive location for home ownership. Froma statistical perspective, the U.S. economy is the largest in the world, with a gross domestic product (GDP) that represents nearly one- fourth of theworld economy. For real estate specifically, that economic strength traditionally translates to advantageous housing prices, strong rental rates and good long-termappreciation. In fact, evenwhen the U.S. dollar strengthens in relation to some global currencies, international home sales continue to be a significant part of the U.S. housingmarket. Additionally, international buyers nowhave access tomore home financing options than ever before. Historically lowmortgage interest rates make the purchase of a home that muchmore affordable for international buyers wishing to finance their purchase. The economic strength of the U.S. helps to create investment security. There is a substantial and increasing level of global wealth, and the U.S. is considered a secure and attractive location for investing in real estate. Demand for single-family rental homes remains robust according to the (John) Burns Single-Family Rent Index ™ . Major international airports and an extensive interstate highway system makes travel to, and throughout, the U.S. safe and convenient. There are 46,876miles (75,440 kilometers) of state-operated highways in the U.S. Additionally, the U.S. has four of the top ten busiest airports in theworld - number one Atlanta (ATL), number three Los Angeles (LAX), number six Chicago (ORD) and number ten Dallas (DFW) - according to Airports Council International. Other reasons for the global popularity of U.S. real estate include access to top colleges and universities, employment opportunities and the ability to achieve a better quality of life.
$5.8 billion
$5.4 billion
Number of homes purchased in the U.S. by international buyers 154K
$1.3 billion
Florida
22%
TOP COUNTRIES BY NUMBER OF HOMES
California
15%
Texas
9%
NewYork
5%
China Canada Mexico India Colombia
12% 12%
Average purchase price of U.S. home by international buyers $480K (USD)
New Jersey
4%
9%
Arizona
3%
6%
Georgia
3%
4%
Illinois
3%
Minnesota
3%
NUMBER OF HOMES PER REGION
Estimated total number of foreign-born homeowners in the U.S. 10M
NorthCarolina
3%
Virginia
3%
Asia & Oceania Latin America & Caribbean Europe North America (Canada) Africa
29%
LOCATIONPREFERENCE OF INTERNATIONAL BUYERS
23%
13%
U.S. FAST FACTS
Suburban Central City/Urban Area Small Town/Rural Resort Area
48% 29% 15% 7%
Population = 331Million States = 50 Size = 9,833,517 km 2 (3,796,742mi 2 )
12%
3%
4
5
Data provided by National Association of REALTORS® and the U.S. Census Bureau
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