Tuesday, December 1, 2015

Chinese cash floods U.S. real estate market

According to The New York Times, Chinese cash purchase dominated the housing  invesment market.

New York Times: Chinese cash floods U.S. real estate marketBy Dionne Searcey and Keith Bradsher
In the United States, the home-buying spree began on the coasts, where Chinese buyers snapped up luxury condos in Manhattan and McMansions in Silicon Valley, pushing up home values in big cities. It is now spreading to the middle of the country, where prices are more modest and have room to run