By Teke Wiggin | inman
Brexit may have given a lift to the U.S. housing market by putting downward pressure on mortgage rates.
But a study conducted on behalf of Inman suggests it’s also had a cooling effect on international interest in U.S. real estate, particularly from two of the largest sources of foreign demand: Britain and Germany.
Realtor.com listing views from Britain posted the largest drop in annual traffic growth in July, the month after Brexit. Brazil and Germany were the only other two countries that registered significant decreases that month.