The Face of Our State

In its 2016 National Association of REALTORS® Profile of International Activity in U.S. Residential Real Estate, NAR estimated that foreign buyers purchased $102.6 billion of residential property from April 2015—March 2016 which is 7 percent of the $1.2 trillion of total existing home sales during the same period. Foreign buyers who reside outside of the United States (Type A) accounted for 41 percent of the dollar volume, while international buyers who are recent immigrants (less than two years) or who are temporarily residing in the United States for business, work, education, or vacation purposes (Type B) accounted for an even more substantial fraction, 59 percent.

So, who is buying property in Mississippi?