The U.S. housing market was a bright spot during most of the COVID-19 pandemic, but it didn’t get any help from international buyers, many of whom couldn’t even travel to the U.S.
The dollar volume of existing-home purchases by foreign buyers for the 12-month period ending March 2021 fell 27% to $54.4 billion, while the number of homes bought by foreigners fell 31% to 107,000 units, according to a new report by the National Association of Realtors (NAR) released Monday. The dollar volume…
Source link
