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U.S. home sales to foreigners rise as low prices draw investors

Posted on 12 June 2012

The dollar volume of U.S. homes sold to foreign buyers rose 24 percent in the 12 months through March as investors from Canada, China, India, Mexico and the U.K. took advantage of low prices and favorable exchange rates.
Foreign buyers spent about $82.5 billion in the period, up from a revised estimate of $66.4 billion a year earlier, the National Association of Realtors said today. That accounted for 4.8 percent of the $928.2 billion U.S. market for home sales, the organization said in a report from Washington………………………………………..Full Article: Source


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