International buyers dropped out of U.S. housing during pandemic, but China is rushing back

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Sales of U.S. homes to foreign buyers fell by 31% from April 2020 to March 2021, according to the National Association of Realtors.

At just 107,000 properties purchased by international buyers, it was the lowest unit volume and lowest dollar volume since 2011.

International buyers purchased 107,000 properties, marking the lowest unit volume and lowest dollar volume since 2011. Chinese buyers are particularly important to watch, as China had taken over as the lead demand for U.S. housing in the early part of the last decade but then fell back slightly during the Trump administration. Now Chinese buyers are apparently surging back in.

International buyers, as well as everyone else, are also far more comfortable now with virtual homebuying.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

should be illegal

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in PROPERTY

Property Property Latest News, Property Property Headlines