Top 5 States for Foreign Homebuyers—Where Nearly 50% Are Paying Cash for Homes

Foreign buyers are pulling back from the U.S. housing market, with spending near a record low, but some states are still seeing booming interest.International buyers spent $45.3 billion from April 2025 to March 2026, closing on 67,100 existing homes nationwide, according to the National Association of Realtors® 2025 International Transactions in U.S. Residential Real Estate report. The organization said the dollar value of those homes was down 14% from the previous 12 months. Though purchases are down, five states remain popular among foreign buyers: Florida, California, Texas, New Jersey, and Georgia.The share of foreign buyers who made all-cash purchases was 47%—compared to 28% among all buyers of existing homes. Of those who bought real estate in the U.S, about 56% of those purchases were people living in the U.S., with those recent immigrants or visa holders buying 37,600 homes and $21.8 billion in value. Foreign buyers living abroad purchased 29,500 homes worth $23.5 billion.Lower spending comes in a year when international currencies gained ground against the dollar, making real estate more accessible. Wealth tax in California left open more opportunities for international bu...