By Clare Trapasso | Realtor.com
Soaring prices and a limited number of homes on the market haven’t stopped foreign buyers from dropping a record amount of money on American real estate in recent months.
International buyers purchased $153 billion worth of existing homes in the U.S. from April 2016 to March 2017—up 49% from the same period a year before, according to a recent National Association of Realtors® survey. They bought 284,455 properties, a 32% increase from the previous year. However, despite how impressive that sounds, it represents only about 5% of existing-home sales.