Posted BY: Julian Conradson
This week, a report by The National Association of Realtors (NAR) revealed that activity from foreign real estate buyers increased substantially for the first time in three years.
All in all, foreign citizens bought $59 billion dollars in US property in the past year; however, none were as aggressive with their funds as the Chinese, who spent a staggering $6.1 billion across fifteen different states in the US between April 2021 to April 2022 – which amounts to an increase of nearly 30% over the year prior.
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With Biden in office, Chinese investors are gobbling up US houses at an alarming rate.
From the Washington Examiner:
