With mortgages at record lows, the housing market’s never been better for potential homebuyers. But as Americans struggle to get by, foreigners have been snapping up some the sweetest real estate bargains.
According to the National Association of Realtors, 80% of foreign-born U.S. residents owned a home in 2009, while the national homeownership rate sunk to 65.4%.
Lawmakers have cottoned on to the trend, pushing for new visa regulations that make it even easier for international customers with fat bank accounts to move their business stateside.
Check out this new graphic from Credit Sesame for a look at just how concentrated foreign homeowners have become come in some of our biggest states.
You’re most likely to have an international neighbour in Florida, where one in every three homes purchased goes to foreigners. The state far outshines the rest of the U.S., with the runner-up – California – seeing only 12% in foreign-ownership rates.
See the full interactive version of the map here.