Foreign buyers purchased $54.4 billion worth of U.S. existing homes from April 2020 through March 2021, according to a new report from the National Association of REALTORS® (NAR). This is a 27% decrease YoY—the fourth consecutive annual decline.
June marked a monthly slowdown period for showings, according to the latest data from ShowingTime, a showing service recently acquired by Zillow. However, in the first few days a listing was put on the market, the service experienced a flurry of activity.
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Homeowners financially impacted by the pandemic now have several new options for mortgage relief, helping them get current and allowing them to stay in their home, according to the White House.
Rising rent prices have not made the alternative to buying very accessible. In fact, according to recent data, there is nowhere in the U.S. where a minimum-wage worker can afford a two-bedroom apartment at the fair market value. A new report from WalletHub, however, makes it easier to determine the most affordable cities for renters.
- International buyers dropped out of U.S. housing during pandemic, but China is rushing back CNBC
- Amid the Pandemic, Foreign Buyers Spent $20 Billion Less on US Real Estate SF Gate
- Foreign Purchases of U.S. Homes Fall to New Low The Wall Street Journal
- Foreign Investment In US Real Estate Falls To A Decade Low: NAR Better Dwelling
- Home sales to foreign buyers drop to the lowest level in a decade amid COVID USA TODAY
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