Sales to International Investors Decrease

Florida home sales to international buyers decrease 65 percent

ORLANDO, Fla. – July 10, 2007 – In 2006, home sales to international buyers fell about 65 percent compared to 2005 numbers, according to a Florida study conducted by the National Association of Realtors (NAR). Analysts blame “the exorbitant rise in property/hazard insurance costs and equally dramatic rise in property taxes” on top of higher mortgage rates during the prime homebuying season.