PHOTO: Chinese investment in US housing grows
- Chinese buyers have been the top foreign buyers in both units and dollar volume of residential housing for six years straight, according to the National Association of Realtors, and now they expanding to new, lower price tiers.
- More middle-class Chinese buyers are searching for lower-priced homes and they are using mortgages much more often.
- While California is still the favorite among Chinese buyers, they are moving into markets in Texas, Georgia and Florida.
Chinese consumers may have soured on some American products, like iPhones, but they have only sweetened on U.S. residential real estate.
They have been the top foreign buyers in both units and dollar volume of residential housing for six years straight, according to the National Association of Realtors, and now they expanding to new, lower price tiers.
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