Sales of U.S. Homes to Foregin Buyers Decline 17 Percent

U.S. home purchases by international buyers fell 17 percent, to an estimated $68.2 billion, as economic growth slowed in Europe and Asia, the National Association of Realtors said.

Sales of homes to overseas buyers totaled an estimated $34.8 billion, while sales to long-term U.S. residents who aren’t citizens were about $33.4 billion in the 12 months through March, according to a report released today. All U.S. home sales totaled $1.08 trillion during the period.