Larry Edelson – China Buying Up U.S. Homes! $9 Billion in 12 Months Up to March 2012
According to the Financial Times, the Chinese have become the second biggest group of foreign investors purchasing U.S. homes, just behind Canadian investors. Sales to Chinese homebuyers reached $9 billion in the 12 months to March 2012, up 23% from the previous year, and up a whopping 88% from 2010, according to the National Association of Realtors (NAR). Thing is, Chinese purchases of U.S. properties is going to accelerate. In addition to the many personal reasons the Chinese may opt to live in the United States, there’s the bottom line: How much their yuan will now buy, versus a...
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