Where Are Foreigners Buying Real Estate in the United States – Real Estate News in Vancouver
by Maggie Chandler on January 27, 2012
in Latest News
Many Americans consider homeownership a key stepping stone to achieving the “American dream.” But no societal group values homeownership more than foreign-born U.S. residents: those who have come to the country to seek a better life, an American dream of their own. Consider this: nearly 80% of foreign-born U.S. residents owned a home in 2009, according to the National Association of Realtors. The national homeownership rate at that time was 65.4% (it is currently 66.3%).
With that in mind, we set out to find the makeup of each state (i.e. where do its foreign-born residents come from?), and which states are most popular among foreign homebuyers and investors. (Note that these stats refer to the overall population, not homeowners alone.)
Hold your cursor over each State and you’ll see which country the immigrants come from. China is not at the top of the list, as it is in BC.
Posted on Vancouver Real Estate-Vancouver Homes For Sale
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