With the dollar down and home prices falling, U.S. residential property is attractive to overseas buyers. The International Herald Tribune said that there’s been 4% increase in overseas buyers purchasing homes in the Unites States over the past 2 quarters.
So where are they buying? Their survey claims…
- 26% of overseas buyers purchased a home in Florida.
- 16% bought in California.
- 10% bought in Texas, with the Gulf Coast being popular.
- 6% purchased in Arizona.
- 4% bought in New York.
- 3% snagged a home in Colorado.
Of those buyers, 33% were from Europe, 24% hailed from Asia and 16% came from Latin America!
