Foreign buyers see value in U.S. single-family homes

A recent Credit Sesame study showed that foreigners are swooping into the U.S. and grabbing bargain properties for less than $100,000, mostly detached single-family homes for use as a primary or secondary residence.

The largest group of buyers comes from Canada, with Asians and Europeans ranking second and third.

Florida is the most popular destination for these buyers, followed by Texas, California, and Arizona.

According to the National Association of Realtors, international ownership in U.S. real estate sits at about 8 percent – a percentage that is worth $82 billion.