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nternational homebuyers are pouring billions into US real estate, with Florida emerging as the top destination. According to a National Association of Realtors report, foreign buyers spent $56 billion on US homes between April 2024 and March 2025, a 33% increase from the previous year.

    This surge marks the first annual rise since 2017, driven by record-high median prices ($494,400) and a wave of luxury all-cash deals. Nearly half of foreign buyers paid cash, with nearly half of those transactions occurring in Florida. The state's housing inventory has increased significantly, making it an attractive option for international buyers.

    The top foreign spenders were from China (15%), Canada (13%), Mexico (8%), India (6%), and the UK (4%). California ranked second as a destination for foreign homebuyers, followed by Texas, New York, and Arizona. However, the rebound may already be losing steam due to post-April trends, including Trump's new tariffs and high interest rates.

    Despite this, international demand remains strong, with elevated home prices and interest rates continuing to dampen overall sales activity. The report notes that foreign buyers are more likely to purchase homes in the upper end of the market, with 47% paying cash compared to 28% among all buyers.