Home > Blogs > California > San Diego County > Coronado > Foreign Buyers See Big Bargains in California
58,871 views

Christine Van Tuyl's Blog

By Christine Van Tuyl & Margaret La Grange | Agent in Coronado, CA

Foreign Buyers See Big Bargains in California


Foreign investors are finding plenty of deals in the U.S. when it comes to real estate, and, as such, more international investors are flocking to key states to buy their piece of the American Dream. 

Mexico is the top country of origin for foreign buyers purchasing U.S. homes, according to a recent study by Credit Sesame, which used National Association of REALTORS® data for its findings.

“In this period of tremendous uncertainly globally, real estate here is a safe haven,” Susan Wachter, professor of real estate and finance at University of Pennsylvania, told MSNBC.com. 

The top destinations of foreign investors for U.S. real estate purchases are: 

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

2. California: 12 percent of all home purchases (most coming from Mexico, the Philippines, China, India, and Vietnam)

3. Texas: 9 percent of all home purchases (most coming from Mexico, India, Vietnam, China, and the Philippines)

Source: “Housing More Affordable Than Ever ... for Foreign Investors,” MSNBC.com (Jan. 13, 2012)

Thanks for reading!
www.coronadoislandhomes.com

Comments

By Ken Allen,  Tue Jan 31 2012, 17:15
Thanks for an interesting insight about buyers from abroad.

POST
 

Contact Christine Van Tuyl &...

Copyright © 2012 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer