Business Report: Foreigners buying residential properties in the - Hawaii News Now - KGMB and KHNL

Business Report: Foreigners buying residential properties in the US

(Image: Hawaii News Now) (Image: Hawaii News Now)
HONOLULU (HawaiiNewsNow) -

Realtors in Hawaii say offshore investors are not the major factor driving local home prices. The major factor is the greatest shortage of inventory since the Second World War. But the National Association of Realtors sees an uptrend in offshore buyers.

According to them, offshore spending on U.S. homes is up by half in a year’s time. The top nations for this are China and Canada, each more than double the next three. Which are Britain, Mexico and India.

And where are they buying?

Florida, Texas, California, New Jersey and Arizona.

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