U.S. Home Prices Fall 5-10% From Last Year for Russian, Japanese and European Buyers as Dollar Weakens

• The median price of a typical U.S. home rose 1% to a record $447,035 in June.
• The equivalent price in Russian, Japanese and European currencies fell between 5% and 10% year over year in June—thanks to a weaker U.S. dollar.
• American homes are more expensive than a year ago in foreign currencies closely tied to the U.S., including neighbors Canada and Mexico and major trading partners China and India.

The median price of a U.S. home rose 1% to a record $447,035 in June, straining affordability for many Americans. But for international buyers using Russian, Japanese or European currencies, the typical home now costs 5% to 10% less than it did a year ago—thanks to a weaker U.S. dollar.

That’s according to a Redfin analysis of exchange rates for a selection of major foreign…