After strong interest for several years, international buyers appear to be souring on the U.S. housing market.
The dollar volume of U.S. home sales to international buyers between April 2017 and March 2018 dropped 21 percent compared to the year-ago period, according to the National Association of Realtors.
Of the $121 billion in sales to international buyers, those currently living in the U.S purchased $67.9 billion in properties, while non-resident foreigners purchased $53 billion, both marking a drop from the previous year. Foreign buyers accounted for 8 percent of the $1.6 trillion existing home sales, a drop from 10 percent the previous year.
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