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Where are the international buyers? Sales of U.S. homes to foreign buyers fell by 31 percent from April 2020-March 2021, according to the National Association of Realtors. Despite this decrease, international buyers continue to find the state of Florida to be a top destination for the 13th straight year.
Virtual tour technology has exploded, which benefits international buyers who are becoming more comfortable conducting long-distance real estate transactions. And, the fact remains that real estate in the US is a good investment for international buyers, as it is more affordable than properties in places like London or Tokyo.
– Pat Pitocchi, Downing-Frye Realty, Inc.
