MReport July 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 11 MDWELL I nternational investment in the U.S. housing mar- ket is thickest in Southern California and barely visible between the coasts, according to the latest International Demand Report by The report found that in April, Los Angeles was the top market in the United States for foreign dollars. Southern California had four of the top 11 markets for international interest. Typically, the top spot switches between Los Angeles and Miami. In April, Miami placed third in international demand. It placed just behind Bellingham, Washington, on the border with British Columbia. The Canadian connection is an important one when looking at foreign investment in the U.S. markets. According to the report, dollars from the Great White North lead the money investing in homes in U.S. metros. Combined with Mexico, which finished 10th in the ranks of countries investing here, North American investors viewed a third of listings in the United States in April. Source: April 2018 International Demand Report by the National Association of Realtors Homeowners Flocking in From Afar Learn which 10 U.S. markets are driving international demand. TOP U.S. MARKETS FOR INTERNATIONAL TRAFFIC 1. Los Angeles-Long Beach-Anaheim, California 2. Bellingham, Washington 3. Miami-Fort Lauderdale-West Palm Beach, Florida 4. Kahului-Wailuku-Lahaini, Hawaii 5. New York-Newark-Jersey City, New York-New Jersey-Pennsylvania 6. Urban Honolulu, Hawaii 7. Phoenix-Mesa-Scottsdale, Arizona 8. Orlando-Kissimmee-Sanford, Florida 9. Riverside-San Bernardino-Ontario, California 10. El Centro, California 1 2 3 8 7 10 6 5 9 4

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