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Hotspots for International Homebuyers, Florida

International buyers spent $41 billion last year to purchase U.S. homes. An article in the new blog, Trulia Insights, reveals that 10 out of the 24 most popular American cities that have caught the eye of international homebuyers are in Florida. Reportedly, buyers from Brazil, Canada, the United Kingdom, France, Italy, Russia, Germany, Sweden and the Netherlands spent about $13 billion on homes in Florida alone last year. It is said that this is because Florida might be perceived as being friendlier to non-citizens, and home prices in Florida are at a six-year low. Spending from abroad might be a catalyst for a revived housing market in the Sunshine State. If Trulia’s findings are any indication, international investments can either make us the world’s second home or an even more multicultural community.

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