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Hollywood, Florida, in Miami Beach Broward area with cityscape skyline of residential skyscrapers. The National Association of Realtors says foreign sales here are falling. (Getty Images. Royalty free.). Foreign home buyers have hit the pause button in south Florida. Between August 2017 and July 2018, the most recent period for sales data by Florida Realtors, foreign buyers purchased $22.9 billion worth of Florida real estate, a 5% decline from the previous 12-month level. Foreign buyers, mainly from Canada and Brazil, purchased 52,000 properties, a 15% drop from the previous 12-month cycle. All told, foreign investors made up 13% of Florida’s existing home sales, down from 15% a year ea... Full story

8 November