Tag Archives: foreign buyers

What this summer’s foreign buyer data means for you

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New Inman contributor Kashif Ansari digs into the National Association of Realtors’ annual report on international buyers. Continue reading →

Michael Valdes leaves eXp to lead LPT Realty global division

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After four years at eXp Realty, Michael Valdes is moving to LPT Realty. After surpassing 10,000 agents in the U.S., the Florida-based brokerage is ready to expand internationally, executives told Inman. Continue reading →

Number of foreign buyer purchases falls to lowest point since 2009

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As the U.S. dollar’s value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR. Continue reading →

Feds want to expand their control over real estate sales to foreigners

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A proposal would expand an existing rule and give the “Committee on Foreign Investment in the United States” power to review real estate sales near 56 military installations in 30 states. Continue reading →

Controversial Florida foreign buyer ban survives 1st major court battle

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U.S. District Judge Allen Winsor denied a request by plaintiffs to stop the state from enforcing the law because it is based on citizenship, not race, so does not violate the Constitution and fair housing. Continue reading →

Foreign buyers target high-end homes as transactions fall 14%

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The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs. Continue reading →

Who is Flannery, the secret owner of $1B in land near a US airbase?

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The federal government is investigating Flannery Associates, an entity that has scooped up more than 80 square miles of land near Travis Air Force Base in California without disclosing who owns it. Continue reading →

Kendall Bonner: The industry isn’t ready for reality of commission suit

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Bonner, an eXp team leader, has been vocal about the need for agents and brokers to consider how they’ll serve buyers in a post-lawsuit landscape. She expanded on her concerns with Intel. Continue reading →

DOJ: Ron DeSantis’ foreign-buyer property ban in Florida is unlawful

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Department of Justice officials claimed last week the bans on some foreign citizens buying property in Florida violate the Fair Housing Act and the U.S. Constitution. Continue reading →

Florida agents fear unintended consequences of real estate ban

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Senate Bill 264 goes into effect in July. It might not have a big impact on the buying power of foreign citizens, but the ripple effects of the law’s suggestively biased tone may set a precedent. Continue reading →