Foreign buyers drove a surge in U.S. home purchases from April 2024–March 2025, with Chinese investors leading. Spending hit $13.7B—up 83% from the prior year—with an average home price of $1.2M. Most purchases were in high-cost states like California (36%) and New York (9%), marking the first annual increase in foreign home buying since 2017, per the National Association of Realtors (NAR).
United States
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