Global Buyers Return: Surge in Foreign Investment

[Ella Compton]

The U.S. real estate market has experienced a notable surge in foreign investment, with a 33% increase in international residential property purchases over the last year. This influx, totaling $56 billion, marks the first uptick in activity since 2017. Florida, Texas, and California remain hotbeds for foreign buyers. Investors are driven by factors such as political instability abroad, strong US property protections, and the allure of cash purchases amid high mortgage rates. 

How do you think increased foreign investment in the US real estate markets impact housing affordability and access for local buyers in high demand markets? 

(article from Inman)