China Bought $6.1 Billion in US Real Estate Last Year

Homes, Pixabay
Chinese buyers flooded the American housing market with more than $6 billion last year, more than purchasers from any other foreign country, and a 30% increase in what the country spent compared to the prior year. A report indicated that that, overall, foreign buyers bought $59 billion worth of US homes, an 8.5% increase over the prior year. Canadians bought $5.5 billion in U.S. housing properties, Indians bought $3.6 billion, Mexicans $2.9 billion, and Brazilians $1.6 billion, according to a new report by the National Association of Realtors. Liz Wheeler points out that America’s policy of selling land to foreign nationals is outdated and leaves our country vulnerable.

Chinese buyers flooded the American housing market with more than $6 billion last year, more than purchasers from any other foreign country.

Foreign purchasers from China bought $6.1 billion in U.S. homes from April 2021 to March 2022, which the trade association’s report said was up 30% from the prior year. Canadians bought $5.5 billion in U.S. housing properties, Indians bought $3.6 billion, Mexicans $2.9 billion, and Brazilians $1.6 billion, according to a new report by the National Association of Realtors.

The average home purchased by Chinese buyers was worth just over $1 million — the most expensive average among foreign purchases and up from China’s $710,000 average the year before. The report said buyers from China bought heavily in expensive states, with 31% of their purchases in California and 10% in New York. The Chinese purchases also included 7% in Indiana, 7% Florida, 5% Oklahoma, 5% Missouri, 5% Arizona, and smaller percentages elsewhere.

Purchasers from China made up 6% of all foreign buyers, as compared to Canadians making up 11%, Mexicans 8%, Indians 5%, and Brazilians 3%.

The new report said that 58% of Chinese buyers made all-cash purchases — the highest aside from 69% of Canadian purchases and 65% of Colombian ones.

Buyers from China were among the top two most likely groups to buy housing for rental purposes, at 25% of their purchases, according to the report, while Chinese purchases also represented the highest percentage (at 8%) of foreign buyers buying homes for student use. Only India came close to the student use percentage at 5%.

China’s purchases were 57% urban homes, while 29% were in suburban areas.

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Tom Ball
Tom Ball
1 year ago

We’ve lost the country by now.
So when are whites going to start becoming a thorn in the side of the invaders?

I would also like to ask the “Antifa” bird brains: Where is your immense “courage” to ‘question authority’ of the Zionist Occupied Government which is going to make you eat bugs and is FORCING you to inject unknown substances into ‘your’ blood stream?

wilma
wilma
1 year ago

The brilliant American mind: I don’t care about the country, just me, me, me. So please lure me into buying cheap crap from China, then keep raising those once cheaper prices and I’ll keep buying even if its only pennies cheaper, while those around me lose their jobs to the Chinese, until nothing much is made here and we are super vulnerable to any supply side political or strategic whim or problem. Such as acres and acres of new vehicles awaiting computer chips before they can be sold; causing new AND used vehicle prices to rise. Then the sworn Communist… Read more »

Cal
Cal
1 year ago

When was our law changed so that non American citizens can buy US land?