Monday, December 10, 2012

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.

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