In the past year alone, international buyers purchased $59 billion worth of residential properties in the United States, indicating an 8.5 percent hike from last year and smashing a 3-year record of declines. A newly released report from the National Association of Realtors (NAR) tracked global buyers from April 2021 to March 2022.
While the 98,600 homes sold were down 7.9 percent from the previous year, the dollar volume proved much higher, due to increased home costs across the United States. Among the top destinations for global buyers were Florida at 24 percent; California at 11 percent; Texas at 8 percent; Arizona at 7 percent; and New York and North Carolina tied at 4 percent….