Chinese Investors Spent $28 Billion on U.S. Homes

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July 02, 2015

Buyers from China spent more on U.S. homes than any other international buyer, Barrons reports. And many of them buy them not only as an investment, but also as a primary residence.

“About 39% of home sales to Chinese in 2014 and early 2015 were for primary residences, while another 7% were bought for children while they attend university in the U.S. Only 23% were bought as residential rental properties,” Barrons reports. “Of total sales to Chinese buyers, 35% were in California."

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