International Home Sales Dollar Volume Retracts in U.S., Chinese Lead Purchases

WASHINGTON (July 6, 2016) — Waning economic growth in many countries and higher home prices further enhanced by a strengthening U.S. dollar resulted in a slight decline in international sales dollar volume of U.S. property over the past year and a significant retreat in buying from non-resident foreigners.

This is according to an annual survey of residential purchases from international buyers released today by the National Association of Realtors®. The survey also amazingly revealed that the dollar volume of sales from Chinese buyers exceeded the total dollar sales figure… Read More
Source: realtor.org news releases

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