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Foreign Buyers Drop, But Housing Crisis Persists | Raleigh News
International homebuyers are cooling off, with purchases down 14% to just 67,100 properties — the second-lowest since 2009. This decline reflects not just global headwinds but also rising U.S. mortgage rates, inflation, and a less inviting political climate. While some blame foreign buyers for soaring prices, research shows their impact is minimal — and immigrants may even help construction costs. Deportations aren’t solving America’s housing shortage, which demands millions of new homes. Foreign buyers, making up only 1.7% of sales, mostly target luxury markets. So while fewer overseas…
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