Home Prices Climb to Record in COVID-19 and the Bubble Is Not Even Over

The sunshine state Florida made the top spot at number one with 23% of all international purchases happening in the Sunshine State. California ranked second as the destination of 14% of foreign buyers. Texas at 9%, New York at 7%, and New Jersey at 2% completed the top five U.S. destinations for international buyers.

Buyers are anxious to lock in 30-year mortgage rates below 3%, which have improved affordability. And the pandemic itself has pushed some buyers off the fence, motivating urban residents to pursue more suburban or rural locations with room to stretch.

Photo by Aaron Huber on Unsplash


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