China buys $22bn worth of US homes in 12 months

I thought the Chinese were good investors. The property in the USA continues to decline in value since 2008 our appraisals have dropped at least 2 percent per year. Downsizing and becoming a transient seems to be the way to go today. I do have a secret Nuclear Bunker in south Wyoming . I will keep that one ,just in case.

Follow The Money


Foreign buyers of US residential real estate surged 35 percent last year, with Chinese buyers, searching for moderately priced, safe investments in a sea of economic and political uncertainty, outspending the rest of the world.

Chinese buyers spent $22 billion on US homes in the 12-month period ending in March, or about 24 percent of total foreign sales by dollar value, according to a study released Tuesday by the National Association of Realtors (NAR). That’s up from $12.8 billion, or 19 percent, on the previous year.

Total international purchases of American homes jumped to $92.2 billion, according to the NAR, an increase of $68.2 billion on the year before and $82.5 billion for the year ending in March 2012.

Foreign clients made up about 7 percent of transactions in the $1.2 trillion US real estate market.

Thanks to a surging economy that has seen China rival the United States…

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