Summary
International investors are buying homes in the U.S., with Florida and Texas being the most popular states for these purchases. Factors attracting international buyers include a weak U.S. dollar and the absence of state income tax in key states. Different countries favor different states, with cultural and economic factors influencing their choices.
Key Facts
- Florida and Texas are the top states for international real estate investors in the U.S.
- Mexican buyers are primarily interested in Texas, due to cultural ties and geographic location.
- Canadian and Argentinian investors favor Florida despite political issues and economic troubles in their own countries.
- Investors from Israel find Midwest states like Indiana and Ohio appealing due to good rental income potential.
- 80% of international investor inquiries involve new home purchases, while 20% are about refinancing.
- Florida leads in refinancing interest, but Texas and Ohio follow.
- Both Florida and Texas offer tax benefits by not having state income taxes.
- Home prices in Texas have decreased slightly, while Florida's home prices have modestly increased recently.
