Barron’s: China Is Buying Up US Suburbs
(WANG ZHAO/AFP/Getty Images)
Saturday, 23 Jul 2016 04:01 PM
The second-place Canadians bought 26,851 homes totaling only $9 billion, preferring vacation locales to homes in pricey suburbs, in states from New York to California to Washington, Barron’s reported.
Chinese buyers paid $936,615 per home on average during the period, up from $831,761 a year earlier, and far more than the average $477,462 paid by all international buyers, according to the NAR. U.S. home buyers paid only $266,683 on average, Barron’s reported.