"Behind their growing economy, wealthy Chinese homebuyers have poured into the U.S., spending $22 billion on property in the states, tops among all foreign purchasers over the 12 months preceding a March study from the National Association of Realtors. That was up from $12.8 billion the previous year, when Chinese buyers also took the No. 1 spot. The homes had a median price of more than $500,000, which again trumped other international clients."
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"Behind their growing economy, wealthy Chinese homebuyers have poured into the U.S., spending $22 billion on property in the states, tops among all foreign purchasers over the 12 months preceding a March study from the National Association of Realtors. That was up from $12.8 billion the previous year, when Chinese buyers also took the No. 1 spot. The homes had a median price of more than $500,000, which again trumped other international clients."
http://finance.yahoo.com/news/chinas-wealth-finds-home-washington-070808165.html
#housing