FOREIGN FUNDS

For the year end 3/24, foreigners purchased 54,300 homes, down 36% Y-o-Y, and the lowest number since recordkeeping began in 2009. The biggest impediments; a strong dollar and limited inventory. Dollar volume fell 21% to $42 billion despite an average price of $780,300/median price of $475,000, the highest on record. Sales volume peaked in 2017 at $153 billion when sales approached 300,000. Florida was #1 with 20% of purchases.