July 9, 2014, 7:26 a.m. EDT
View on Marketwatch.com, "Foreign Home Buyers Flock To U.S."
Home sales made to
international buyers rose about 35% for the year ending March 2014, as people
took advantage of favorable exchange rates and affordable prices, according to
a report released by the National Association of Realtors on Tuesday.
Total sales to foreign buyers reached an estimated $92.2 billion
from April 2013 through March 2014, up from $68.2 billion the previous year,
according to NAR’s 2014 Profile of International Home
Buying Activity report.
That’s about 7% of the total U.S.
