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August 13, 2019: During the twelve months ending in March 2019, foreign buyers purchased $77.9 billion in U.S. residential real estate. That total is down 36% from the year before.[1]

For the seventh year in a row, more foreign buyers came from China than any other country. Other countries at the top of the list included Canada, India, the United Kingdom, and Mexico.

All told, foreign buyers purchased 183,100 existing homes in the United States. According to the National Association of Realtors, that represents 3% of all existing home sales.

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Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

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Scott Rasmussen is an editor-at-large for Ballotpedia, the Encyclopedia of American Politics. He is a senior fellow for the study of self-governance at the King’s College in New York. His most recent book, Politics Has Failed: America Will Not, was published by the Sutherland Institute in August 2018.

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