Global Interest in U.S. Homeownership Gains

International home buyers have shown more of an interest in owning a home in the U.S. over the past year than they had previously, due to the strength of the dollar, emerging economic recovery, and the value of U.S. real estate. Between April 1, 2009, and March 31, 2010 foreign buyers are estimated to have purchased 7% of the residential market, with a total value around $66 billion. This is a great sign for the real estate market in the US, as foreign buyers will help to remove the excess inventory from the market and further improve the economy. This survey was conducted by magazine, and the full article can be found here.