Chinese Buyers Expand Their Reach in the U.S. Housing Market
January 09, 2019 / National Association of REALTORS
Chinese home buyers have been the top foreign buyers of residential housing in the U.S. for six consecutive years, and now they’re expanding their footprint beyond luxury markets to lower-priced tiers as well, the National Association of REALTORS® reports. Chinese buyers in the U.S. have long had an appetite for million-dollar properties that they’re willing to pay all cash for. But recently, middle-class buyers from China are looking to snatch up lower-priced homes in the U.S. They’re also more often turning to mortgages to finance their purchases.