In terms of the number of properties, they bought 78,100 units, a 44 percent increase from the prior year. This was also the first annual increase since 2017. The average purchase price was $494,400, a “record high,” NAR said.
“International interest in buying U.S. real estate increased following the global economic recovery from several years of pandemic-related disruptions,” NAR chief economist Lawrence Yun said in a statement.
“However, elevated home prices and interest rates continue to dampen overall potential sales activity and remain well below pre-pandemic levels.”
China was the top buyer nation of U.S. existing homes, making up 15 percent of all foreign purchases. Canada was a close second at 14 percent, followed by Mexico at 8 percent, India at 6 percent, and the United Kingdom at 4 percent.
The top housing market for international buyers was Florida, which accounted for 21 percent of all such deals. This was followed by California (15 percent), Texas (10 percent), New York (7 percent), and Arizona (5 percent). (The Epoch Times, 7/15/2025) (Archive)