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Foreign Home Buying Drops to Second-Lowest Level on Record

Foreign purchases fell 19.1% as New York dropped out of the top five and Canada reclaimed the top spot, the National Association of Realtors said.

  • Foreign buyers purchased $45.3 billion worth of U.S. existing homes between April 2025 and March 2026, marking a 19.1% plunge in dollar value and the second-lowest transaction count since the National Association of Realtors began tracking data in 2009.
  • Florida remained the top destination for international buyers at 20% of purchases, yet New York state fell out of the top five for the first time, replaced by unusual entrants New Jersey and Georgia at 4% each.
  • Christopherson, a National Association of Realtors expert, noted that despite a weaker dollar strengthening foreign purchasing power, buyers adopted a "wait and see approach" driven by turbulent trade policies and state-by-state property ownership changes.
  • Nuri Katz, who spent 34 years guiding the ultrawealthy through his firm Apex Capital Partners, found 61% of Americans earning over $200,000 would consider leaving the U.S. within five years, citing cost of living and taxes over politics.
  • Citi Wealth's "Wealth Beyond Borders" report projects $3.06 trillion shifting into global hubs like Hong Kong, Singapore, and the UAE between 2025 and 2029, reflecting broader investor prioritization of asset diversification amid U.S. economic uncertainty.
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Foreign home buying drops to second-lowest level on record

(The Center Square) – Foreign buyers pulled back from the U.S. housing market over the past year, buying $45.3 billion worth of existing homes, the second-lowest level on record, according to a new report.

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Fortune broke the news in New York, United States on Tuesday, July 28, 2026.
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