Saturday, June 18, 2011

Ultimate Buy American: Foreign Purchase of US Residential Real Estate

Last year, international buyers spent a whopping $41 billion to purchase US residential Real Estate. Some of this is attributable to the weak American Peso, but lower US RRE prices relative to European counterparts are also a factor.
Via Trulia, we can see the fascinating data flow of what overseas home buyers are looking at homes in which states. The global house hunters might surprise you. Click for highly interactive map courtesy of TRULIA.