The NAR reports foreigners accounted for about $82B of housing purchases in the 12 months up to...

|By:, SA News Editor

The NAR reports foreigners accounted for about $82B of housing purchases in the 12 months up to March 2011, roughly 8% of total sales. Foreign buyers tend to buy on the higher end of the market and tend to pay all cash. The majority of realtors report activity tends to increase as the dollar falls.