Chinese buyers purchasing increasing share of U.S. residential real estate

Foreign buyers now purchase an ever larger share of U.S. residential real estate, with Chinese buyers accounting for a growing portion of that share:

According to the National Association of Realtors, non-American buyers accounted for $82 billion in home sales last year. More than $7 billion of that is by the Chinese, who are now the second largest foreign home purchasers after Canadians. They're buying high-end, multimillion-dollar homes from California to New York and paying cash.