Foreigners Are Buying US Real Estate at a Staggering Rate

Foreign homebuyers are widely discussed these days — particularly in the New York-based media where the specter of Russians scooping up Park Avenue real estate looms large. A new report from the National Association of Realtors confirms that there’s been a surge in international real estate purchases, but also undermines many of the common claims made about the buyers.

First, the surge. In the period from April 2013 to March 2014, foreigners bought $92.2 billion worth of American real estate — up 35 percent from the previous year.

via Foreigners are buying US real estate at a staggering rate — and it’s rising fast – Vox.

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