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.
A lot of people (are) interested (in) the property in U.S.,” said. on foreign homebuyers last year, and that’s pushing a lot of Chinese south to Seattle, where they love that the economy is booming.
From New York to Honolulu, Chinese homebuyers are swooping in to help salvage the U.S. housing market. Indeed. "The thing that draws the Asians here is the schools are so highly touted. Cupertino.
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“The schools here are the best and there are a lot of Chinese people here,” said Ms. Nine years ago, one Canadian dollar bought 65 U.S. cents. Today it buys US$1.03. Overseas homebuyers can act.
The same approval process in most major U.S. cities is four and a half months. See the problem here? It takes almost twice as long. and should these concepts get approved, homebuyers may get a.
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A whole industry has sprung up on both sides of the Pacific because of the demand.
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Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing.
· Chinese people, they contend, are making more money, so they’re spending it on housing. Yes, Chinese homebuyers are paying huge percentages of their income to buy property.
· Here’s how rapidly the U.S. housing market has cooled: Buyers are now about four times less likely to face a bidding war than they were just a.
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