RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Foreign Investment in U.S. Jumps 49 Percent to Record $153 Billion

Home House Canary
By Cindy Fauth
August 23, 2017
Reading Time: 2 mins read
Inside the Mind of International Buyers

The following information is provided by the Center for REALTOR® Development (CRD).

If you’re already involved in global real estate, here’s reason to celebrate: Foreign investment in residential U.S. real estate has skyrocketed up to $153 billion, according to the 2017 Profile of International Activity in U.S. Residential Real Estate. The new survey high indicates that despite political and economic uncertainty both here and abroad, the United States is still a safe and secure place to live, work and invest. While China is still the top buyer of U.S. residential real estate, Canada accounted for the most growth in the past year, from $8.9 billion in 2016 to $19 billion in 2017. Key takeaways from the report:

  • Sales Dollar Volume:$153.0 billion – up 49 percent from 2016 ($102.6 billion); all-time survey high (since 2009)
  • Total Transactions:284,455 – up 32 percent from 2016 (208,947)
  • Top Countries: China ($31.7 billion), Canada ($19.0 billion), U.K. ($9.5 billion), Mexico ($9.3 billion), India ($7.8 billion) – all five countries saw increases from the 2016 survey
  • Median Sales Price:$302,290 – up 9.0 percent from 2016 ($277,389); 28 percent higher than U.S. national median price of $277,389; approximately 10 percent of all buyers paid over $1 million; 44 percent paid all cash (50 percent in 2016)
  • Top States:Florida (22 percent), California (12 percent), Texas (12 percent), New Jersey and Arizona (4 percent)
  • International Clients: Twenty-nine percent of REALTORS® worked with international clients (31 percent in 2016) – referrals/personal or business contacts accounted for 64 percent of international client business

NAR_Foreign_2017

Read the full report, press release and infographic. (NAR member login required.)

To learn much more about expanding your business internationally, consider taking one of the six individual international courses or six bundles on our platform developed by the Global Business and Alliances division of NAR. All of these online products can be used towards earning NAR’s Certified International Property Specialist (CIPS) designation. This entire month of August, all CIPS courses and bundles are 25% off at the Center for REALTOR® Development.

Cindy Fauth (CIPS, e-PRO®) is director of Global Marketing & Communications for the National Association of REALTORS® Commercial & Global Services division. She joined NAR in September 2009, and lends her expertise to the promotion and growth of the Certified International Property Specialist (CIPS) designation, At Home With Diversity certification, and International REALTOR® membership, along with the many other programs NAR Commercial & Global Services offers.

A version of this article originally appeared on NAR’s The Global View blog.

For more information, please visit onlinelearning.realtor.

For the latest real estate news and trends, bookmark RISMedia.com.

Tags: Center for REALTOR® DevelopmentCIPS DesignationForeign Real Estate InvestmentGlobal Real EstateInternational Real EstateNARNAR Profile of International Activity
ShareTweetShare
Susanne Dwyer

Susanne Dwyer

Related Posts

Flipping a House: 4 Risks to What Can Be a Profitable Endeavor
Agents

Flipping a House: 4 Risks to What Can Be a Profitable Endeavor

May 28, 2023
Thoughts on Leadership: Lessons From Bruce Lee
Agents

Thoughts on Leadership: Lessons From Bruce Lee

May 28, 2023
In Advocacy, REALTORS® Take the Lead
Agents

In Advocacy, REALTORS® Take the Lead

May 27, 2023
How Do Real Estate Pros Stand to Be Impacted by Montana TikTok Ban?
Agents

How Do Real Estate Pros Stand to Be Impacted by Montana TikTok Ban?

May 26, 2023
The Power Broker Interview: Josh Harley On Tackling a Challenging Market
Agents

The Power Broker Interview: Josh Harley On Tackling a Challenging Market

May 26, 2023
Food for Thought? Agents Say Grim Homebuying Poll Results Out to Lunch
Agents

Food for Thought? Agents Say Grim Homebuying Poll Results Out to Lunch

May 26, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

How to Stand Out from the Crowd and Win Listings

As a new real estate agent, getting out there and meeting with potential clients for new listings can be hectic and stressful. These meetings can make you feel a little anxious, especially if you know that you are not the only agent interviewing for the job. Read more

Business Tip of the Day provided by

Recent Posts

  • Flipping a House: 4 Risks to What Can Be a Profitable Endeavor
  • Thoughts on Leadership: Lessons From Bruce Lee
  • In Advocacy, REALTORS® Take the Lead

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X