The International Dream of American Homeownership
The power of the American Dream reaches far beyond U.S. borders, into the hearts and minds of people in countries across the globe. According to the 2012 NAR Profile of International Home Buying Activity, foreign sales accounted for $82.5 billion for the past year ending March 2012, up from $66.4 billion in 2011.
While areas across the U.S. attract international buyers from around the world, there are states and regions that have been consistently popular over time. Florida, California, Texas and Arizona accounted for 51 percent of recent international purchases. Buyers from Canada, China, Mexico, India, and the United Kingdom represented 55 percent of all international transactions.
Coming to a property near you… NAR offers a Certified International Property Specialist (CIPS®) designation, which prepares REALTORS® to service the growing international market. Talk to a REALTOR® in your community who specializes in this market for insight into foreign sales activity in your area. Which international groups tend to settle there? Ask international homeowners in your area for insights into their U.S. home buying process and what motivated them to buy