International buyers purchased $56 billion worth of US homes in 1 year

U.S. real estate is once again drawing strong interest from international buyers, with global demand rebounding significantly over the past year.

Following a slowdown during the pandemic and broader global economic shifts, foreign purchasers have reentered the American housing market with renewed enthusiasm. Over the past year, international buyers acquired $56 billion worth of residential property in the United States—a 33% increase from the year prior and one of the largest year-over-year jumps on record.

These buyers are active across the country, acquiring everything from luxury beachfront homes in Florida to high-end condominiums in California. According to the National Association of Realtors’ 2025 International Transactions in U.S. Residential Real Estate report, international investors bought approximately 78,100 properties between April 2024 and March 2025—a 44% rise from the previous year. The median purchase price reached a new high of $494,400, highlighting sustained interest in premium real estate.

Florida continues to attract the largest share of foreign interest, accounting for over 20% of international transactions. The state’s appeal includes favorable tax policies, a warm climate, and an abundance of upscale homes. California ranks second, followed by Texas, New York, and Arizona. Nearly half of international buyers paid entirely in cash—significantly higher than the 28% share among U.S. buyers—reflecting the challenges posed by higher mortgage rates and the competitive nature of the luxury segment.

Among the top investors, Chinese buyers led the group, spending $13.7 billion on close to 12,000 properties. They were followed by buyers from Canada, Mexico, India, and the United Kingdom. Just over half of these purchasers already reside in the United States as immigrants or visa holders, while the remainder are buying from abroad. Their motivations range from long-term residency to vacation or investment purposes.

The surge in international real estate activity is attributed to several factors. Many view the U.S. as a stable and secure market, with strong property rights and diverse housing options. For some, it's an appealing location for a second home. For others, it’s a way to invest in a reliable asset amid uncertain global conditions.