A reader recently sent me a New York Times article talking about Chinese buyers flooding into the US residential real estate market. This is something that I’ve written about before, but I liked the “graphic” section called The Roots of China’s Real Estate Rush.
Here are two of the graphs:
The second chart shows you just how much more significant Chinese buyers are compared to the next biggest foreign customer of American homes: Canadians. And with the Canadian dollar where it is, it is no surprise that we are trending downwards. That doesn’t seem to be the case with the Chinese.