Wednesday, June 30, 2021

Chinese buyers have led foreign investments in U.S. homes for past seven years.

 11-29-2014     the tremendous buildup of wealth in  developing countries, esp. China, which had 2.4 millionaires in 2013, up 60% from the year before.

Maybe 20% of the deals in San Francisco and the Peninsula are cash overseas buyers” said Allen Ching of Asian Real Estate Assn. of America.    https://www.sfgate.com/business/networth/article/How-and-why-buyers-from-China-are-snatching-up-5924991.php

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9-1-2020  Chinese buyers have led foreign investments in U.S. homes for the past seven years.  In 2019-2020, they bought U.S. home properties worth $11.5 billion, or little more than a sixth of the total, according to a report from the National Association of Realtors  https://knowledge.wharton.upenn.edu/article/foreign-purchases-u-s-homes-impact-prices-supply/

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