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Foreign investment in U.S. homes declines as buyers face tight inventory, high prices

By Ashley Fahey and WFTV.com News Staff
Looking for a home in one of the most expensive places to live in the country? You can for a decent price but there is a small catch.

House for sale in San Francisco for $488K but there is a catch Looking for a home in one of the most expensive places to live in the country? You can for a decent price but there is a small catch. (Andy Dean Photography/Andy Dean - stock.adobe.com)

By Ashley Fahey and WFTV.com News Staff

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

International buyers bought fewer U.S. homes in the past year but are paying more for residential real estate than ever before.

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Foreign homebuyers purchased $42 billion in U.S. residential properties between April 2023 and March 2024, a 21.2% decline from the prior 12-month period, according to the National Association of Realtors. The approximately 54,300 existing homes sold to international buyers marks the lowest 12-month total on record since the NAR began tracking such transactions in 2009.

At the same time, both the average and median home-purchase prices paid by foreign buyers — $783,300 and $475,000, respectively — were the highest ever recorded by NAR.

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Click here to read the full story on the Orlando Business Journal’s website.

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Leaders want to bring tiny homes to the DeLand as an affordable housing option DeLand leaders are discussing a plan to bring tiny homes to the city as an affordable housing option. This plan doesn’t include a specific location just yet. (WFTV)

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