Florida is the Top State for International Home Sales
International buyers from Canada to Africa are buying homes in the U.S., primarily because of the cheap dollar and low interest rates. Florida tops out as the most popular state for international buyers, however. This is probably because many people are using these homes as either vacation homes or renting them out for income.
Business Week reports that international buyers have spent over $50-billion on more than 250,000 Florida properties since 2009. This helps create demand and boost home prices.
Read more at Business Weeks’ Foreign Buyers Drive Florida’s Housing Recovery.