Foreign Buyers Return to US Housing Market After Three-Year Drought
After three straight years of declining sales, buyers from other countries purchased $59 billion worth of US homes
A "For Sale" sign outside a house in Crockett, California, US.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Foreign homebuyers are back in the US real estate market.
Buyers who are not US citizens accounted for $59 billion worth of home purchases in the 12 months through March, a 9% jump from a year earlier and the first increase in three years, according to a report from the National Association of Realtors.