In July 2018, the Raleigh Regional Association of REALTORS® launched our newly redesigned RRAR.com to streamline your web experience as a member. Now, we are streamlining the process in which you receive information via email and social media! #MondayMinute will be sent to your email every Monday morning, with RRAR E-News and our Events + Professional Development Newsletter alternating each Monday morning. This is not only your guide for the week ahead, but also a time saver as you can help plan for all of the great benefits that are available to our Members.
Be sure to follow all of our social media channels as #MondayMinute will be alive and well across platforms with insider tips and tricks every Monday morning!
August 13, 2018: #MondayMinute: County By COunty Breakdown of Foreign Investment
Author: Casey Angel
As the 2018 Profile of International Residential Transactions was published in August by the Raleigh Regional Association of REALTORS® and National Association of REALTORS®, there are a few key metrics that jump out for both our REALTOR® Members as well as the general public. One of those metrics of particular interest is the county by county breakdown of where foreign buyers are actually purchasing homes in the Raleigh/Triangle Region.
In 2017 we saw locations where you would typically think international buyers would flock to, Wake County and Durham County, dominate in the destinations while only Harnett and Vance Counties were able to make the list with a statistically significant portion of more than 3%. When looking at 2018, we see that Orange, Chatham, and Johnston Counties all made the list where they failed to in 2017.
2018 Profile of International Residential Transactions tells us a few key points about destination:
- For REALTORS®, international buyers are less focused on just Wake & Durham County, allowing for a more diverse home search.
- REALTORS® who specialize in selling Orange, Chatham, Johnston, Vance, Harnett, and other counties have a renewed motivation for reaching international buyers.
- For our communities, as Wake and Durham Counties continue to expand, our outer lying counties will continue to become more diverse than ever before.