In the past year, the U.S. real estate market experienced a significant influx of international buyers, investing $92.2 billion, primarily driven by affluent Chinese seeking secure havens for both family and wealth. A recent report by the National Association of Realtors highlights a remarkable 35% rise in international buyer transactions over a 12-month period ending in March. Despite representing only 7% of total national sales, these buyers showed strong interest in luxury homes in attractive areas like Florida, California, Texas, and Arizona.Chinese buyers notably led among foreign purchasers in dollar value, witnessing a remarkable 72% sales increase over a year, amounting to $22 billion. This positions them with a commanding 24% share of total overseas purchases by dollar volume. Canada ranked second, with $13.8 billion in deals, followed by the United Kingdom and India, each recording $5.8 billion.International buyers often opt for high-end properties and cash transactions, with
Chinese buyers standing out as the most prolific spenders, averaging a purchase price of $590,826. Their acquisitions primarily clustered in California, Washington, and New York, which collectively comprised over half of their purchases.
