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Chinese Lead Way as Foreigners Step Up Purchases of U.S. Homes

Chinese Purchases U.S. HomesThe Wall Street Journal
July 8, 2014

The American Dream has a big new buyer: the Chinese.

Foreign purchases of U.S. residential real estate jumped 35% last year, with Chinese buyers leading the way, according to a survey published Tuesday by the National Association of Realtors.

Chinese customers purchased $22 billion in housing for the 12-month period ended in March, or around 24% of all foreign sales by dollar volume, up from $12.8 billion, or 19%, during the year-earlier period.