Foreigners snap up record number of US homes

[Hersh M.]

"Foreign buyers closed on $153 billion worth of U.S. residential properties between April 2016 and March 2017, a 49 percent jump from the period a year earlier, according to the National Association of Realtors. That surpasses the previous high, set in 2015."

"Chinese buyers led the pack for the fourth straight year, followed by buyers from Canada, the United Kingdom, Mexico and India."

"Florida, Texas and California drew the most international buyers."

http://www.cnbc.com/2017/07/18/foreigners-snap-up-...