One potential explanation for the influx of foreign investment in real estate is the rising rental rates of multifamily homes in cities across America. For instance, rental rates for multifamily units in Las Vegas, Nevada increased by 7.9 percent between January 2018 and January 2019. In addition, a 2017 survey found that 61 percent of foreign buyers perceived that the housing prices in the United States were less expensive than prices in their respective home countries. Among foreign investors who did not purchase real estate in the United States, the most common reason for not doing so is that they were unable to find a suitable property to purchase.
The share of Chinese investors in the U.S. real estate market has remained somewhat constant in the last few years, hovering at around 15 percent. In 2018, Chinese nationals purchased over 40 thousand properties in the United States, generating about 30 billion U.S. dollars in sales .
In contrast to the relatively constant share of Chinese buyers in the U.S. real estate market, the share of Canadian buyers of residential property in the U.S. has decreased by about half since 2011. Despite this, in 2017 the total property sales to Canadian buyers in the United States reached 19 billion dollars, the highest amount in the last decade. However, this number fell to 10.5 billion U.S. dollars in 2018.