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