Real Estate News
Data show NYC real estate has plenty of international takers—and from this country in particular
The top foreign searcher for both years was the United Kingdom, which saw a huge spike in 2016. Nearly 30 percent of the traffic increase for the year from the U.K. came in the four days following the Brexit referendum that could see Britain exit the European Union within the next few years.
TripleMint's findings were consistent with other data showing a steady influx of foreign buyers keeping demand and prices at frothy levels. Last year, the National Association of Retailers said international buyers purchased $102.6 billion of residential property in the U.S. between April 2015 and March 2016.
According to TripleMint, the second biggest move came from Mexico, which tumbled nine ranks from 2015 to 2016.
With respect to Britain, TripleMint's Walker explained the influx of searches after Brexit represented a concrete example of how policy shifts and news can impact where people want to live.
The proprietary data collected by TripleMint is part of the company's focus on using indicators and algorithms — which the 28 year-old Walker calls its "secret sauce" — to predict which properties will come on the market before they do. They also want to use it to help clear up market misinformation, he added.
"One of the problems in our industry is that there is a lack focus on knowledge, education and transparency for the client," Walker said.
Walker, a Yale University graduate, founded TripleMint with his classmate Philip Lang in 2013. Last month, TripleMint raised $4.5 million in Series A funding, landing the company's total funding at over $7 million.
The round was backed by DN Capital, which previously invested in Purplebricks, a real estate company now public on the London Stock Exchange.
--CNBC's Diana Olick contributed to this article.