Foreign buyers seem to be losing interest in buying American existing homes, according to data compiled by the National Association of Realtors (NAR).
From April 2025 to March 2026, foreign buyers purchased $45.3 billion in US existing homes. This marked a 19.1% decrease in the dollar value of homes purchased and a 14% decrease in the number of properties from the previous 12-month period.
International buyers purchased 67,100 properties, the second-lowest level since NAR began tracking foreign buyer activity in 2009. The median purchase price for foreign buyers was $465,000.
Foreign buyers who resided in the US as recent immigrants or who were holding residency visas purchased 37,600 homes (56% of all foreign purchases) with a total dollar volume of $21.8 billion. Foreign buyers who lived abroad purchased 29,500 homes (44% of all foreign purchases) with a total dollar volume of $23.5 billion.
NAR found 16% of foreign buyer purchases originated with Canadians, who acquired 10,700 properties for a combined total of $5.2 billion. Mexico placed second among the share of foreign buyers with 14%, following by China at 11%, India at 9%, and the UK at 4%.
The top five US markets based on the percentage of all foreign buyers were Florida (20%), California (19%), Texas (12%), New Jersey (4%), and Georgia (4%).
“The decline in foreign home buyer activity mirrors the decline in international visitors and tourists to the United States,” said NAR Chief Economist Lawrence Yun. “Even a slightly weaker US dollar over the past year, which provides more purchasing power for foreigners, did not induce more activity. Foreign buyers from Canada and Mexico—countries that border the US—bought the most housing units. However, Chinese buyers (from mainland China, Hong Kong, and Taiwan) spent the most dollars because they bought higher-priced homes, specifically in California. Florida, with its beaches and favorable winter climate, continues to be the top state to draw foreign buyers.”
0 Comments