The number of foreign nationals purchasing property in the United State surged in the 12 months between March 2016 and March 2017, according to the National Association of Realtors. The Association said foreigners bought 284,455 properties, about a third more than a year earlier. And, similar to previous years, a larger percentage of buyers, especially in states like Florida and Arizona, were European citizens.
European homebuyers who insure their properties through U.S. companies could require those businesses to upgrade their data protection efforts beginning in May of this year.
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