Foreign buyers flood real estate, but buy less expensive homes

Chinese investors negotiate at the US-China Real Estate summit & trade fair in Beijing. :File photo:Zhang Peng | LightRocket | Getty Images
Chinese investors negotiate at the US-China Real Estate summit & trade fair in Beijing. :File photo:Zhang Peng | LightRocket | Getty Images

Arizona among top states for real estate purchases by foreign buyers

By Diana Olick | CNBC

The appetite for U.S. real estate continues to flourish, but international buyers are shifting their sights from luxury to less-pricey properties. This may be due to overall higher home prices, along with a stronger U.S. dollar, which both cost foreign buyers more at the negotiating table. There are also fewer nonresident foreigners investing in the market.

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Related: Would a Dip in Foreign Buyers Affect U.S. Home Hunters?/realtor.com

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