Global

The Greater Louisville Association of Realtors® (GLAR) Global Council is dedicated to globally-themed education, programming, resources, and networking by:

  • Acting as a REALTOR®-driven community organization;
  • Helping REALTORS® build partnerships with globally-minded businesses, mortgage brokers, attorneys, and other relevant local entities; and
  • Positioning GLAR as the VOICE for global real estate in the local market and beyond.

What is a Global Business Council?


Global Business Councils are groups within the local or state board structure of NAR dedicated to globally themed education, programming, and networking for their members.

NAR Global Ambassador Program – NAR Coordinator David McCoy, CIPS
2024 & 2025  Lecresha Sewell, CIPS
GLAR Global Liaison – Karla Murphy

 

 

Global Events

MAY 21, 2024 – GLAR Global Webinar:  Understanding the Steps for Foreign Buyers Purchasing Property in the United States

WATCH our most recent program on becoming a global agent below:

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Don’t miss the showcase of all our GLAR Global Events Programs.

GLAR Resources

Multi-Lingual REALTOR List – Find local REALTORS who are multi-lingual through our online Multi-lingual REALTOR Search.

Forms in Spanish – Did you know that GLAR Forms and Contracts are available in Spanish? Read more.

Why Global?

  • Louisville & GLAR are part of the Global Economy
  • Essential to smart business decisions
  • $175 billion in U.S. residential & commercial RE sold to foreign & immigrant buyers annually
  • Amplifies the importance of opportunities and highlights Members’ international and multicultural expertise & potential
  • Includes transactions with:
    • Foreign Nationals
    • Immigrant Clients
    • Buyers with family abroad
    • Employees/Owners of Foreign Corporations
    • Multilingual Families
    • Other Groups residing in communities in every state
NAR International Transactions in U.S. Residential Real Estate Report
Highlights from the Report
  • $53.3 Billion – Dollar volume of foreign buyer residential purchases during April 2022–March 2023 (2.3% of $2.3 trillion of the dollar volume of existing-home sales)
  • 84,600 – Number of foreign buyer existing-home purchases during April 2022–March 2023 (1.8% of 4.73 million existing-home sales)
  • 51% – Foreign buyers who reside in the United States (recent immigrants; less than two years at the time of the transaction) or non-immigrant visa holders (Type B)
  • $396,400 – Foreign buyer median purchase price (compared to $384,200 for all U.S. existing homes sold)
  • 42% – Foreign buyers who paid all-cash (compared to 26% among all existing-home buyers)
  • 50% – Foreign buyers who purchased a property for use as a vacation home, rental, or both (compared to 16% among all existing-home buyers)
  • 76% – Foreign buyers who purchased a detached single-family home or townhome (compared to 89% of all existing-home buyers)
  • 45% – Foreign buyers who purchased in a suburban area
Top Foreign Buyers Reported
  • China (13% of foreign buyers, $13.6 B)
  • Mexico (11% of foreign buyers, $4.2 B)
  • Canada (10% of foreign buyers, $6.6 B)
  • India (7% of foreign buyers, $3.4 B)
  • Colombia (3% of foreign buyers, $0.9 B)

Global & NAR Resources

 

Local Global Resources & Links

Louisville Office of Globalization/Office of Immigrant Affairs
Global Louisville Directory
Louisville’s Global Community & the Economy
Cabinet for Economic Development International Offices | Kentucky Cabinet for Economic Development

Earn the CIPS Designation

Unlock global real estate opportunities through the Certified International Property Specialist (CIPS) designation, catering to diverse audiences such as international investors, U.S. residents exploring new markets, and local clients eyeing overseas property investments. The CIPS designation equips you with essential knowledge, research capabilities, a valuable network, and tools for business expansion. Access the exclusive CIPS Network, a community of 4,000+ real estate professionals across 50 countries, reserved for CIPS-designated members of the National Association of REALTORS®, establishing you as a trusted guide for global market navigation.

LEARN MORE HERE

 

 

 

Multicultural Organizations