U.S. Housing Discounts Emerge for Foreign Buyers Amid Dollar Weakness
The U.S. housing market is offering unexpected discounts to international buyers as the dollar weakens against major currencies. Redfin data reveals median home prices fell 9.6% in ruble terms, with similar discounts for buyers using Swiss francs (8%), Japanese yen (7.6%), and euros (5.6%). This currency advantage comes as foreign purchases surge 44%, contrasting with domestic affordability challenges.
Dollar depreciation accelerated in 2024, dropping 10% year-to-date amid tariff uncertainties and Treasury market volatility. The trend creates arbitrage opportunities for capital-rich international investors, particularly in premium markets where crypto-native buyers often compete with traditional foreign purchasers.