Although America’s housing inventory shortage caused foreign buyer activity to drop substantially last year, the share of overseas buyers who invested in California moved in the other direction.
Buyers from China remain the most active investors in U.S. real estate, while the national median home price again hit a new high in June. Get a handle on the latest housing headlines in Pacific Union’s weekly Real Estate Roundup. Read more on the @bethanywpatten blog
Despite high-dollar price tags, California remains the second most popular state for international homebuyers behind Florida, with global buyers responsible for 14 percent of overall real estate activity. In last year’s survey, overseas buyers accounted for 12 percent of California home purchases.
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