{"id":5741,"date":"2017-08-15T00:00:00","date_gmt":"2017-08-15T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/foreign-buyers-spend-30-more-on-homes\/"},"modified":"2017-08-15T00:00:00","modified_gmt":"2017-08-15T00:00:00","slug":"foreign-buyers-spend-30-more-on-homes","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/foreign-buyers-spend-30-more-on-homes\/","title":{"rendered":"Foreign Buyers Spend 30% More on Homes"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"41.017641996558\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"33.519793459552\"><!--paging_filter--><\/p>\n<p>Foreign buyers continue to outspend domestic buyers in the U.S.<\/p>\n<p>From April 2016 to March 2017, properties purchased by foreign buyers had a median price of $302,290. That is 30 percent more than the median purchase price of $235,792 for all existing homes sold in the U.S. during that period, according to the National Association of REALTORS\u00ae\u2019 2017 Profile of International Activity in U.S. Residential <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Real Estate<\/a>.<\/p>\n<p>In a further examination of averages, the average price among foreign buyers is actually closer to $536,900\u2014or double the average price of domestic buyers at $277,700, according to NAR.<\/p>\n<p>Chinese buyers typically buy the priciest properties. They also tend to gravitate toward central cities and suburban areas that tend to have higher property prices, such as in California, New Jersey, and New York.<\/p>\n<p>Foreign buyers are also more likely to pay in cash than use <a href=\"https:\/\/amazingproperty.com.ng\/blog\/construction-loans-for-commercial-and-residential-builders\/\">financing<\/a> for their <a href=\"https:\/\/amazingproperty.com.ng\/blog\/home-purchase-now\/\">home purchase<\/a>. Foreign buyers from Canada and China are the most likely to make all-cash purchases.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_aug\/Foreignbuyers_NAR.png\" style=\"width: 577px; height: 199px;\"\/><\/p>\n<p><em>Source: \u201cForeign Buyers Typically Spent 30 Percent More Than Domestic Buyers,\u201d National Association of REALTORS\u00ae Economists\u2019 Outlook blog (Aug. 14, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/h612EjEGiWY\/foreign-buyers-spend-30-more-homes\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign buyers continue to outspend domestic buyers in the U.S. From April 2016 to March 2017, &hellip; <a title=\"Foreign Buyers Spend 30% More on Homes\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/foreign-buyers-spend-30-more-on-homes\/\"><span class=\"screen-reader-text\">Foreign Buyers Spend 30% More on Homes<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5742,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,15239,12908,543,127,41,254,818,479],"class_list":["post-5741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-chase","tag-home","tag-home-buying-guide","tag-homes","tag-property","tag-property-prices","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Foreignbuyers_NAR.png?fit=577%2C199&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5378,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreign-u-s-home-sales-shatter-records\/","url_meta":{"origin":5741,"position":0},"title":"Foreign U.S. Home Sales Shatter Records","author":"Amazing Property","date":"July 19, 2017","format":false,"excerpt":"Foreign investment in U.S. real estate has surged to a new high, with property expenditures skyrocketing 49 percent over the past year, according to the National Association of REALTORS\u00ae\u2019 2017 Profile of International Activity in U.S. Residential Real Estate. Nearly half of all foreign sales were in three states: Florida,\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2368,"url":"https:\/\/amazingproperty.com.ng\/blog\/3-things-real-estate-agents-should-know-about-foreign-investors\/","url_meta":{"origin":5741,"position":1},"title":"3 Things Real Estate Agents Should Know about Foreign Investors","author":"Amazing Property","date":"March 21, 2017","format":false,"excerpt":"If you're a real estate agent, it's important to be aware of the needs and wants of foreign investors. Here are three things you should know. \u00a0 Every year, buyers from countries like China, Brazil, Canada, and England spend billions of dollars (often in cash) in United States real estate.\u2026","rel":"","context":"In &quot;Realtor&quot;","block_context":{"text":"Realtor","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/realtor\/"},"img":{"alt_text":"foreign investors","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/foreign-investors.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":5460,"url":"https:\/\/amazingproperty.com.ng\/blog\/home-sales-dip-as-buyers-get-tripped-up\/","url_meta":{"origin":5741,"position":2},"title":"Home Sales Dip as Buyers Get \u2018Tripped Up\u2019","author":"Amazing Property","date":"July 24, 2017","format":false,"excerpt":"Low inventory slowed down home sales last month, as buyers faced fewer options and record-high real estate prices, the National Association of REALTORS\u00ae reported Monday. Regional Snapshot Here\u2019s a closer look at how existing-home sales fared across the country in June: Northeast: Dropped 2.6 percent to an annual rate of\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3500,"url":"https:\/\/amazingproperty.com.ng\/blog\/forget-millennials-gen-x-is-driving-the-market\/","url_meta":{"origin":5741,"position":3},"title":"Forget Millennials: Gen X Is Driving the Market","author":"Amazing Property","date":"April 17, 2017","format":false,"excerpt":"Millennials may often get all the attention, but members of Generation X are really the ones who have been driving the housing market lately. Gen Xers, who are between the ages of 37 and 51, make up the second largest share of home buyers, comprising 28 percent in 2016, according\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6079,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreign-landlords-shun-uk-property-market-after-tax-hikes\/","url_meta":{"origin":5741,"position":4},"title":"Foreign landlords shun UK property market after tax hikes","author":"Amazing Property","date":"September 4, 2017","format":false,"excerpt":"Just five per cent of British homes now have overseas owners, down more than half from the 12 percent seen seven years ago, the research released by real estate firm Countrywide showed. 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