In a new report from NAR (okay, it was in May), they state that international buyers of US real estate properties have increased 24% over the past 12 months.
Pretty incredible, and an interesting picture of our economy and just how much international consumers are having an impact on the real estate business.
In the report, I noticed that of the top 10 cities international consumers are searching for, 6 were either in California or Florida (3 each). What's most interesting is that those are the two states hit the hardest when the real estate bubble burst.
The leading foreclosure states.
The states where some of the best deals can be found...so it's logical that international buyers would be interested. Read the full post on my website www.annopoly.com.
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