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International Shoppers Were a Larger Share of U.S. Housing Demand During the First Quarter of 2025
Despite larger international housing shopper share in the U.S., demand from Canada – the leading source – has fallen AUSTIN, Texas, June 3, 2025 /PRNewswire/
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[{"type":"text","content":"Despite larger international housing shopper share in the U.S., demand from Canada – the leading source – has fallen \nAUSTIN, Texas, June 3, 2025 /PRNewswire/ -- International demand was a larger share of U.S. housing demand, as 1.9% of Realtor.com® online traffic came from international home shoppers in the first quarter of 2025 compared to 1.7% in the first quarter of 2024, according to a report from Realtor.com®. This overall growth comes despite a decline in demand from Canada, the top source of international home shopping to the U.S., from 40.7% in the first quarter of 2024 to 34.7% in the first quarter of 2025.\n\n\"While international demand for U.S. housing was a growing share of total demand, the drop from potential Canadian shoppers underscores the impact of recent trade policies on cross-border real estate interest,\" said Danielle Hale, chief economist, Realtor.com®. \"While coastal magnets like Miami, New York, and Los Angeles continue to attract global buyers, the growing appeal of Texas markets to international buyers signals a noteworthy regional shift in investment focus, potentially driven by economic factors and business-friendly environments.\"\nDespite a shift from 2024, this year Canadian home shoppers represent the largest percentage of international traffic, at 34.7%, followed by shoppers from the UK (5.7%), Mexico (5.4%), Germany (3.8%) and Australia (3.2%). In the first quarter of 2025, Miami was the most popular U.S. market for international shoppers, capturing 8.7% of international demand to the U.S., followed by New York, Los Angeles, and Orlando, Fla. \nWhere Are Shoppers from Canada Looking?Specifically, among the top 20 markets, Canadian home buyers dominated the international views to Naples, Fla., driving 59.6% of its international demand. This was followed by Cape Coral, Fla., (59.1%), Phoenix (57.5%), North Port, Fla., (56.4%) and Riverside, Calif., (52.2%).\nWhere Are Shoppers from Mexico Looking?The international online traffic from Mexico continued to cluster at the US-Mexico border but dropped from 5.8% to 5.4% during the same period. The top destinations for Mexican homebuyers are largely clustered near the U.S.-Mexico border, such as San Diego; San Antonio; Dallas; El Paso, Texas and Houston—a sharp contrast to the scattered coastal preferences of buyers from other countries.\n\"Mexican...