Chinese Buyers are switching to US market housing
Just read from CNN today that a lot of Chinese buyers are flooding the US housing market and paying top dollar for it. It also mentioned that California is the area where most Chinese people go to buy properties.
The top 5 countries for foreign buyers in the US as of now (2013)are:
1. Canada - 23% of sales
2. China - 12% of sales
3. Mexico - 8% of sales
4. India - 5% of sales
5. UK - 5% of sales
To read the full article : http://money.cnn.com/2013/07/08/real_estate/chinese-homebuyers/index.html?section=money_realestate&
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