Tuesday, July 8, 2014

The U.S. housing Chinese buying all real state in california

Rich chinese means cash to the table: More than three-quarters of their purchases were all-cash buys. California is the biggest market for the Chinese, accounting for a third of their purchases. New York and Los Angeles top the list of U.S. cities they are most interested in, according to Juwai.com, a website where Chinese buyers browse global real estate listings. More surprisingly, Philadelphia and Detroit come in at No. 3 and No. 4.