T
he US dollar's decline has created a buying opportunity for international homebuyers. Despite a 1% year-over-year increase in home prices based on the US dollar, foreign buyers are getting discounts due to their currencies' relative strength. The Russian ruble is among the biggest gainers, with an equivalent price drop of 9.6% compared to last year.

    Other currencies that have gained ground against the dollar include the Swiss franc and Swedish krona (8% discount), Japanese yen (7.6%), Euro (5.6%), and British pound (5.3%). In contrast, a few currencies have weakened against the US dollar, resulting in higher prices for foreign buyers using those denominations.

    The decline of the US dollar is attributed to tariff policies and national debt. If interest rates are cut by the Federal Reserve, the dollar may weaken further. This trend could attract more international real estate buyers, as their money goes further than it did a year ago.

    Foreign home purchases were up over the past year, with 78,100 US homes bought by non-citizens between April 2024 and March 2025, compared to 54,300 in the same period last year. However, this represents only 2.5% of total existing-home sales volume. Foreign buyers spent $56 billion on US residential purchases during this period, with a median price of $494,400 per home, significantly higher than the overall median price.

    The largest number of non-citizen buyers came from China (15%), followed by Canada (14%) and Mexico (8%). The Chinese yuan has remained relatively stable against the US dollar.