Episode Details
Back to Episodes
Foreign Buyers Drop, But Housing Crisis Persists | Raleigh News
Description
International homebuyers are cooling off, with purchases down 14% to just 67,100 properties — the second-lowest since 2009. This decline reflects not just global headwinds but also rising U.S. mortgage rates, inflation, and a less inviting political climate. While some blame foreign buyers for soaring prices, research shows their impact is minimal — and immigrants may even help construction costs. Deportations aren’t solving America’s housing shortage, which demands millions of new homes. Foreign buyers, making up only 1.7% of sales, mostly target luxury markets. So while fewer overseas buyers might ease pressure in hotspots like Florida and California, the real fix lies in building more supply — not restricting international interest.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/5cf3b664ec873988