Share this article!

The share of U.S. homes purchased by foreign nationals — a potentially critical pool of buyers as rising interest rates threaten to slow domestic spending — has tumbled to a more than twelve-year low.

Foreign nationals bought 98,600 properties from April 2021 through March 2022, according to the National Association of Realtors, an annual decrease of 8 percent and the lowest since the NAR began tracking such purchases in 2009.