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Foreigners Pump Up Home Prices in U.S.

Friday, August 25th, 2017

Foreign buyers and recent immigrants purchased $153 billion of residential property in the U.S. in the year ended in March 2017, nearly a 50% jump from a year earlier. That surpassed the previous record for foreign investment set in 2015, when foreigners purchased nearly $104 billion.

 

Source: National Association of Realtors report, July 18, 2017.

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