It’s a trend that has survived for more than a year: As Americans remain skiddish on housing, foreign buyers are filling the void in some areas.
The Wall Street Journal reported Tuesday that Asians, Canadians, Europeans and Latin Americans made up $82.5 billion, or 8.9%, of the $928 billion spent on residential real estate in the 12-month period ending in March.
This is keeping in trend with coverage on foreign buyers that HousingWire rolled out earlier this year and late last year.
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