International Buyers Flock to Sun Belt Cities

According to a recent analysis by Realtor.com, international intterest in U.S. homes is shifting towards Sun Belt cities like Miami and Dallas, while traditional favorites like Los Angeles are losing steam.

Miami and Dallas Lead the Pack

Miami captured 10.3% of international online demand on Realtor.com, followed by New York (4.7%) and Los Angeles (4.6%).. Dallas, however, has seen a significant increase in interest, rising from 1.6% to 2.7% between 2020 and 2026.

Canadians Remain the Largest Source of International Interest

Canadians accounted for 37.8% of overseas traffic during the first quarter of 2026, with a strong preference for Sun Belt and Southwest markets. cape Coral and Naples in Florida topped the list, with over 70% of their international demand coming from Canada.

Los Angeles' Declining Competitiveness

Los Angeles' share of overseas interest has steadily declined, dropping from 7.9% in 2020 to 4.6% in 2026. Skyrocketing insurance costs and high taxes are making ownership increasingly punishing for wealthy international buyers.

Sun Belt Markets Offer Affordability and Growth

Sun Belt markets now offer a compelling combination of affordability, growth, and lower taxes that Los Angeles simply can't match. This is driving the shift in international interest towards cities like Miami and Dallas.