International House Hunters Shifting from Vacation Areas to Urban Neighborhoods

[finehoe]

The most striking change in foreign search patterns over the past year is that the foreign search share is rising in dense, urban neighborhoods but falling in vacation areas. In general, these two types of places tend to get more foreign interest than the U.S. overall does: foreign searches accounted for 4.0% of searches for U.S. homes overall, 4.7% of searches in vacation areas, and 9.4% of searches in the densest urban neighborhoods.

Miami remains the metro with the highest share of searches from outside the U.S., widening its lead over Los Angeles – thanks in part to the increase in interest from Brazil and elsewhere in Latin America. Foreign searches account for 16.0% of all searches for homes in Miami and 14.5% in Los Angeles – well ahead of other major metros. The top 10 metros for foreign search traffic were in Florida and the West.

http://www.trulia.com/trends/2014/06/international-house-hunters-2/