Canadians, Chinese big U.S. real estate buyers

If your real estate listing site isn?t reaching the Canadian and Chinese audiences, it is missing out on a ton of prospective buyers, according to World Property Channel, and statistics from the National Association of Realtors (NAR.)

Here are some impressive statistics and notable facts:

• Foreign nationals spent $82.5 billion, or 8.9%, of the $928 billion spent on U.S. residential real estate from April 2011 through March 2012. This was a 24 percent year-over-year increase.
  
• Half of this money was spent on properties in?Florida, California, Texas, Arizona and New York.
• Canadians spent 24 percent of these total dollars, primarily as investment now and retirement later.
• Buyers from mainland China and Hong Kong spent more than $7 billion in sales annually, primarily on multi-million dollar homes.
• Citizens of Russia, Brazil and France buy heavily in the U.S. as well. The French buy primarily in Southern Florida

Here?s a YouTube video?shared oh StreetEasy?that talks about the many Russian citizens who are buying in New York City.

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Source: http://aimgroup.com/2013/07/12/canadians-chinese-big-u-s-real-estate-buyers/

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