london-140785_1280Within the last year, the United States housing market has seen foreign investors start to retreat due to the value of the dollar, the increasing home prices, and the overseas economies slowing. Buying power has diminished stateside. The primary type of real estate that foreign investors are interested in are rental and vacation properties, and according to the National Association of Realtors, investors have decreased their spending by $10 billion over last year, which is a three-year low.

The survey from the National Association of Realtors (NAR) has shown, over the years, the best characterization of the international activity within the U.S. real estate market. Markets that are more popular with foreign investors, such as Florida, California, Texas, Arizona and New York, may feel the international pull back in the coming months.

With all of that being said, the survey by NAR was taken in April, which means the aftermath in the wake of the British exit, or Brexit, is not accounted for. This particular action within the U.K. has crashed the British pound, while increased the dollar and greatly affected stock markets.

Home buyers from the U.K. spent around $5.5 billion to purchase almost 10,000 properties in the United States in 2015. Since there are more than 5.5 million homes sold in the U.S. every year, the U.K.’s investment power doesn’t even make a dent in the market. While they aren’t the most contributing investors from overseas, they purchase many homes in smaller markets like Miami, Orlando, and Tampa, which could affect the foreign investments in these particular markets.

The economy is improving and rates are remaining low. If you’re looking to buy or sell a house, now would be a good time to start your search. If you’ve already found that perfect home, Orlando title insurance company, Real Estate Closing Solutions, can help you through a smooth closing process.