Arizona among top markets for international homebuyers

Arizona is one of the states benefiting as international interest picks up in U.S. homes, according to the National Association of Realtors 2010 Profile of International Home Buying Activity. Strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery were among factors cited as influencing international buyers in the survey conducted between April 1, 2009, and March 31, 2010. Those with residency outside the U.S. as well as recent immigrants and temporary visa holders are estimated to have purchased $66 billion of U.S. residential property, accounting for 7 percent of the residential market.

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