{"id":1991,"date":"2016-07-19T17:09:54","date_gmt":"2016-07-19T17:09:54","guid":{"rendered":"http:\/\/listhubnews.com\/global\/?p=1991"},"modified":"2016-10-26T20:49:58","modified_gmt":"2016-10-26T20:49:58","slug":"key-findings-of-international-home-buying-report","status":"publish","type":"post","link":"https:\/\/listhubnews.com\/global\/key-findings-of-international-home-buying-report\/","title":{"rendered":"International Home Sales in the U.S."},"content":{"rendered":"

Since 2007, the National Association of REALTORS\u00ae (NAR) has conducted a yearly survey to measure the sales of U.S. residential real estate to international clients. The survey provides information about the origin, destination, and buying preferences of international home buyers in the U.S. as well as the challenges and opportunities faced by REALTORS\u00ae in the international market.<\/p>\n

Below are some of the key findings of the 2016 Profile of International Home Buying Activity<\/a>.<\/p>\n

High International Sales Volume<\/b>
\nFor the period of April 2015 \u2013 March 2016, the amount of total home sales to international clients was estimated at $102.6 billion. While this is a slight decrease (1.25%) from the previous year, this was expected due to slowing economic growth in many countries and higher home prices in the U.S. due to the strengthening of the U.S. dollar.<\/p>\n

Five Countries Account for 45% of International Purchases<\/b>
\nInternational home buyers in the U.S. came from nearly all over the globe, but there are five countries that accounted for the largest amounts of U.S. home purchases \u2013 China, Canada, India, Mexico, and the United Kingdom. These five countries comprised over 45% of total purchases by international buyers!<\/p>\n

China Leads the Pack for Unit and Dollar Volume<\/b>
\nFor the second year in a row, China far exceeded all other countries in terms of dollar volume and units purchased, accounting for an estimated $27.3 billion in sales. This number is nearly 27% of all total international sales by dollar volume. Much of this can be attributed to the fact that Chinese buyers typically purchased the most expensive properties at an average price of $936,615 \u2013 nearly 4x the average U.S. home price of $266,683.<\/p>\n

Top Destinations for International Buyers<\/b>
\nFlorida, California, Texas, Arizona, and New York remained the top five states attracting international clientele. Together, these five states accounted for 51% of purchases by international buyers. When deciding where to purchase U.S. property, top considerations for international buyers included proximity to the home country, the presence of relatives, friends and associates, job and educational opportunities, and even climate.<\/p>\n

Importance of Working with a REALTOR\u00ae<\/b>
\nServing international clients requires surrounding yourself with a great team of people who possess knowledge relating to immigration, tax, property, financing, and other international regulations. Of course, international etiquette<\/a> is also a huge piece of the puzzle. It\u2019s critical to build trust with each of your clients and in dealing with someone from outside the U.S., you want to consider their local customs before your own. Taking the extra step to demonstrate that you understand and respect their culture will make you stand out from the competition. According to Tom Salomone, NAR President and broker-owner of Real Estate II Inc. in Coral Springs, Florida:<\/span><\/p>\n

Especially in the local markets attracting a hefty share of international buyers and sellers such as those in California, Florida and Texas, it\u2019s advantageous for REALTORS\u00ae to consider earning the Certified International Property Specialist, or CIPS, designation<\/a>. The specialized training on critical aspects of an international transaction such as exchange rate and tax issues and regional market conditions best prepare REALTORS\u00ae for the increasingly globally connected world of real estate.<\/span><\/em><\/p><\/blockquote>\n

Download<\/b><\/a> and share our infographic on the state of international home sales in the U.S.:<\/b><\/p>\n

\"International<\/a><\/p>\n

Reaching foreign buyers can be challenging. With language barriers and strict internet regulations, real estate professionals often have a hard time getting their listings in front of these potential international clients. With ListHub Global, you can automatically send your listings to a trusted network of international property websites in 50+ countries around the world. This network includes Fang.com \u2013 the most searched property portal in China with over 3 million unique users per day, as well as other top sites in the United Kingdom, India, and all across the globe. Plus, your listings will be translated to the native language for each site!<\/i><\/p>\n

Click here<\/span><\/i><\/a> to learn more about ListHub Global.<\/i><\/p>\n

\n

\"Read-More-ListHub_News\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Since 2007, the National Association of REALTORS\u00ae (NAR) has conducted a yearly survey to measure the sales of U.S. residential real estate to international clients. The survey provides information about the origin, destination, and buying preferences of international home buyers in the U.S. as well as the challenges and opportunities faced by REALTORS\u00ae in the […]<\/p>\n","protected":false},"author":3,"featured_media":2001,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[26,33,57,79,37,56,34,63,55,75,74,76,77,78],"class_list":["post-1991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archives","tag-globalrealestate","tag-internationalbuyers","tag-internationalhomebuying","tag-global-marketing","tag-global-real-estate","tag-global-real-estate-trends","tag-international-real-estate","tag-international-realtor","tag-international-trends","tag-nar-international","tag-nar-report","tag-nar-research","tag-national-association-of-realtors","tag-realtor-research"],"acf":[],"yoast_head":"\nInternational Home Sales in the U.S. - Global News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/listhubnews.com\/global\/key-findings-of-international-home-buying-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International Home Sales in the U.S. - Global News\" \/>\n<meta property=\"og:description\" content=\"Since 2007, the National Association of REALTORS\u00ae (NAR) has conducted a yearly survey to measure the sales of U.S. residential real estate to international clients. 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