Housing market seeing fewer foreign buyers

The National Association of Realtors reports that international buyers purchased 7.9 percent fewer residential properties from April 2022 through March 2023, accounting for 1.8 percent of all sales.

Analysts agree, the reasons are many. Certainly COVID and travel restrictions during the height of the pandemic kept many foreign investors away.

Of course, the vagaries of the recent market – high interest rates and low inventory driving up home prices even more – have had the same effect of foreign buyers as those here at home.

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