2010 has seen and influx of international buyers purchasing homes in the U.S. The market for U.S. real estate by international buyers is a highly focused market, generally characterized by market concentration and international economic forces. An international buyers is defined as a foreign buyer with permanent residences outside the U.S. and is interested in purchasing U.S. property; or a buyer who is a recent immigrants of temporary visa holder in the U.S. looking for a primary residence.
According to the National Association of Realtors which recently released the 2010 Profile of International Home Buying Activity. A study that spanned a 12-month period ending March 2010; International buyers were reported in 39 states however, the market is relatively concentrated to four states which include Arizona, California, Florida and Texas. Purchases from these regions accounted for 53 percent of the transactions.
The international economic forces that played as a huge role in the influx of international buyers was due to the strength of the dollar, perceptions about trends in the U.S. real estate markets, and general economic trends. Some buyers see U.S. real estate as being relatively less expensive than comparable real estate in the home country.
International buyers come to the US because they have a desire for a second home, diversification of assets in the United States, perception of U.S. real estate as offering higher value, pooling of investments by families seeking to participate in a desirable market, and attraction to urban, higher priced markets. Although international purchasers from a wide variety of countries are present throughout the United States for a variety of reasons, proximity to the home country and the convenience of air transportation are believed to be important considerations in selecting the buying location.
Karen Arbutine is a leading international relocation professional offering global real estate services to buyers and sellers looking to move to the US or abroad.
She is committed to going the extra mile for her clients building lasting relationships. Karen listens to her clients unique real estate needs and designs an integrated service plan to meet those needs.
As a real estate professional Karen is committed to offering her clientele only the highest level of customer service that will exceed all expectations. As an international realtor she combines her world-class knowledge, experience and enthusiasm to make her client’s goals come true.
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Karen Arbutine is that advisor. RE/MAX is that brand.
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