Annual Foreign Investment In Existing Homes Drops 9.6% To $53.3 Billion
Number of existing homes bought by international buyers declined to 84,600 – the fewest since 2009.
Number of existing homes bought by international buyers declined to 84,600 – the fewest since 2009.
Homeowners gained more than $120,000 in wealth over the past decade from home appreciation.
Older buyers are dominating the market, and changing how homes get purchased.
Next year's forecasted drop in home sales is smaller in comparison to this year's hit.
The National Association of Realtors also said 46% of metros registered double-digit price increases.