U.S. Real Estate Deals Snapped Up by Foreign Buyers

Need more evidence that now is a great time to buy a home? International buyers are snatching up U.S. real estate at a rapid clip, according to the National Association of Realtors. For the year ending in March, foreign residents accounted for 7 percent of residential real estate sales in the U.S.

The most buyers are most frequently from Canada, Mexico, the U.K. and China. Favorable exchange rates have further encouraged purchases. Despite the international appeal of New York City and Washington, D.C. the most popular places to buy are Florida, California, Arizona (pictured left) and Texas.