More foreign home buyers than ever.

[Nick Gromicko]

According to the National Association of Realtors’ (NAR) "2011 Profile of International Home Buying Activity" total residential international sales in the U.S. for the past year ending March 2011 equaled $82 billion, up from $66 billion in 2010.

The average price paid by an international buyer was $315,000 compared to the overall U.S. average of $218,000. However, 45% of international purchases were under $200,000. This price segment has grown significantly over the years, most likely due to overall price declines in the U.S. as well as the strengthening of some foreign currencies.

[Nick Gromicko]

http://www.nachi.org/now-spanish.htm