Realtor® Survey Shows Decline in Foreign Investment in U.S. Residential Real Estate
WASHINGTON (STL.News) – A decline in global growth and low housing inventory contributed to a drop in foreign investment in U.S. residential real estate over the past year.
This is according to an annual survey of residential purchases from international buyers, released today by the National Association of Realtors®, which found that foreign buyers purchased fewer U.S. existing homes from April 2018 through March 2019. Global economic growth, which increased in 2016 to 2017, slowed to 3.6% in 2018 and is on pace to taper to 3.3% in 2019.