Since 2009 the National Association of REALTORS® has been tracking international buyers by country and the state they are buying. The report released is based on from April 2021 until March 2022 and details country the buyers are from and where they are buying. Reading the report I was surprised by a few facts and wasn’t with a few.
I was expecting a different country being number one but it turns out Canada leads by almost twice with 11% the second-place country Mexico with 8%. Rounding out the top 5 was China with 6%, India 5%, Brazil 3% and Columbia 3%. Before you think our country is being sold out to foreign investors the total of foreign investors equals 2.6% of the total residential home sales.
Now being a Florida REALTOR® the next fact from the report was important to me. Florida leads the way with 24% and second place is California with 11% followed by Texas with 8%, Arizona with 7%, New York and North Carolina ties with 4%.
Looks like I need to brush up on my Canadian facts, geography and language, hey! Thanks to my background when I ask folks where are they from I normally can say I have been there or very close by, Canada I have 5 of the 10 provinces cover but only a few of the bigger cities.
Dick Betts, REALTOR®
The Betts Team
Touchstone Real Estate
The Villages, Florida