The steady health of the U.S. property market has been catching a lot of eyes, worldwide. But how far is the market's reach? Where is the interest coming from and where exactly are the foreigners looking to buy property in America?
To answer these questions, The National Association of Realtors (NAR) sourced data from Realtor.com's traffic index that notes a consumer's location and the area in which they are looking for a property in.
The analysis found that the highest interest in the U.S. property market came from Canada, U.K. and Australia. Los Angeles, Miami, Fla., and Las Vegas were the most searched for cities in the U.S. as well.
Below is the full list of cities the foreigners searched for:
1. Los Angeles, Calif.
2. Miami, Fla.
3. Las Vegas, Nev.
4. Orlando, Fla.
5. Detroit, Miss.
6. New York, NY.
7. Houston, Texas
8. Fort Lauderdale, Fla.
9. San Francisco, Calif.
10. San Diego, Calif.
Here is the list of top 10 countries that searched for properties in the U.S along with where they searched:
1. Canada: Detroit, Las Vegas, Los Angeles, Fort Lauderdale, Naples
2. United Kingdom: Los Angeles, Orlando, New York, Kissimmee, Houston
3. Australia: New York, Los Angeles, Detroit, Las Vegas, Houston
4. Brazil: Miami, Orlando, Los Angeles, New York, Boca Raton
5. Germany: Los Angeles, San Antonio, Colorado Springs, Miami, Cape Coral
6. Mexico: San Diego, San Antonio, Laredo, El Paso, Chula Vista
7. India: New York, Los Angeles, Chicago, Las Vegas, San Jose
8. France: Los Angeles, Miami, New York, San Francisco, Miami Beach
9. Italy: Miami, New York, Los Angeles, Miami Beach, Detroit
10. Japan: San Diego, Honolulu, Fort Scott (KA), Los Angeles, San Antonio
The list comes just after NAR released a report last month that claimed foreigners made up about seven percent of the total home sales for the year ended March 31, 2014. The report also found what foreigners invested in and their purpose of investment. Read the full report here.
Also find the complete traffic report by NAR here.