Chinese nationals top foreign buyers of US homes

Chinese nationals bought more than $110 billion worth of both residential and commercial real estate over the past five years. Last year’s surge in purchases moved them past Canadians, to become the largest group of foreign buyers of US homes, according to a study from the Asia Society and Rosen Consulting Group.

Over the past five years, the desire of Chinese nationals to find safe offshore assets helped the US real estate market recover from the 2008 economic crisis. Continue reading