Overview

• International buyers purchased a record $56 billion worth of U.S. homes between April 2024 and March 2025, a 33% increase from the prior year.
• These investors acquired 78,100 properties during the period, marking a 44% year-over-year jump and the first rise since 2017.
• Chinese nationals led foreign purchases with $13.7 billion spent—an 83% surge—and buying 11,700 homes, making them the largest group of overseas buyers.
• California was the top destination for Chinese buyers, capturing 36% of their acquisitions, while Maryland and New York each accounted for 9%.
• Texas passed a late June law banning property sales to security-listed nationals, and the USDA plans to block their purchase of American farmland.