Buyers Down 21 Percent: Sales to International

In Washington, D.c., International homebuyers who once reveled in the prospect of owning a dwelling in the U.S. as either a permanent residence, vacation spot or just a stopover location are spending more of their time and money in non-American locales, and have been for quite a while, says a report just issued by the National Association of Realtors.

NAR’s “2024 International Transactions in U.S. Residential Real Estate” research piece says international buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2 percent from the prior year. The tally of 54,300 existing homes sold, the smallest number ever recorded since NAR began keeping records in 2009, slid 36 percent from the year before.