We know for a fact that there is low inventory of homes to be bought for the reasons that there are almost no new subdivision developments and financing is hard to get. Now, add to these reasons the foreign nationals who come here and invest by being active participants in the real estate business.
Per RealtorMag, these countries exhibited highest interest in purchasing US Real Estate.
http://realtormag.realtor.org/daily-news/2014/04/15/8-countries-where-theres-rush-for-us-real-estate?om_rid=AAMyLR&om_mid=_BTTYjCB85dQu1U&om_ntype=RMODaily
1. United Arab Emirates
Growth in prospective home buyers: 352.2%
Share of international prospective buyers: 1.1% (12th highest)
2. Switzerland
Growth in prospective home buyers: 269.7%
Share of international prospective buyers: 2.1% (8th highest)
3. Hong Kong and China
Growth in prospective home buyers: 254.2%
Share of international prospective buyers: 4.1% (4th highest)
4. France
Growth in prospective home buyers: 190%
Share of international prospective buyers: 2.8% (6th highest)
5. Italy
Growth in prospective home buyers: 178.4%
Share of international prospective buyers: 1.9% (10th highest)
6. United Kingdom
Growth in prospective home buyers: 153.8%
Share of international prospective buyers: 12.1% (2nd highest)
7. Australia
Growth in prospective home buyers: 121.9%
Share of international prospective buyers: 11% (3rd highest)
8. Canada
Growth in prospective home buyers: 107.7%
Share of international prospective buyers: 45% (the highest)
There are 2 more countries aside from those eight listed above as reported by http://247wallst.com/special-report/2014/04/11/ten-countries-racing-to-buy-american-homes/2/ which are:
9. Sweden
10. Germany
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