Nationwide, the highest rate of internet traffic from international home shoppers was in Miami at 8.4%, followed by New York at 5.6%, Los Angeles at 4.8% and Orlando, Florida at 2.7%.

Across the United States, foreign buyers purchased $56 billion worth of residential real estate during the 12 months ended in March. That was a 33% increase over the same time period a year prior.

The new master franchise will be led by regional operating principal Rodrigo Garcia, a former RE/MAX director and broker. 

Phoenix ranked as the fourth-most cost-effective city in the world, rising over every international city on the list other than No. 2-ranked Bucharest.

The Real Estate Summit Across Borders will take place on Friday, June 9 at the Sheraton Phoenix Downtown.

The new franchise will be the brokerage’s 16th in Europe as it pursues other expansion opportunities around the world. 

Foreign buyers accounted for less than 2% of U.S. residential real estate transactions last year, and Russian buyers accounted for less than 1% of those, the National Association of REALTORS® reported. 

The National Association of REALTORS® released an official statement this week regarding Russia’s invasion of Ukraine.

@properties has officially rebranded to become @properties Christie’s International Real Estate. The Chicago-based brokerage acquired the luxury real estate arm of the art auction house in December 2021.

@properties has officially rebranded to become @properties Christie’s International Real Estate. The Chicago-based brokerage acquired the luxury real estate arm of the art auction house in December 2021.

@properties is continuing its expansion strategy on an international scale, announcing today its plan to purchase Christie’s International Real Estate.