Foreign buyers see big bargains in U.S. real estate

Foreign investors are finding plenty of real estate deals in the U.S.  and those international investors are flocking to key states to buy their next property. And who is at the top when it comes to purchasing real estate in the U.S.?  It is Mexico, according to a recent study by Credit Sesame, which used National Association of Realtors® data for its findings.  This is true especially for California and Texas, two states that are among the top in having foreign real. estate investors Florida, also among the top, has most of its foreign buyers from Cuba, Haiti and Columbia.

MSNBC reported the following breakdown in the three top states:

 1. Florida: Thirty-one percent of all home purchases are made by foreign buyers, with most coming from Cuba, Haiti and Colombia.

2. California: Twelve percent of all home purchases, with most coming from Mexico, the Philippines, China, India and Vietnam.

3. Texas: Nine percent of all home purchases, with most coming from Mexico, India, Vietnam, China and the Philippines.

Many Americans consider homeownership a key part of achieving the “American dream.” But no group values homeownership more than foreign-born U.S. residents: those who have come to the United States seeking a better life. Did you know that nearly 80% of foreign-born U.S. residents owned a home in 2009 while the national homeownership rate at that time was much less :65.4 percent. (it is currently 66.3%).

What is the makeup of each state when it comes to foreign-born residents? The image below will show you which states are most popular among foreign homebuyers and investors. (Note that these stats refer to the overall population, not homeowners alone.).



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