Homes in Huntington Beach, Calif., on July 12, 2024. John Fredricks/The Epoch Times
Commentary
As the U.S. housing market tightens, a growing number of Americans, especially younger buyers, are discovering that the biggest obstacle isn’t just high interest rates or limited inventory. In many cases, well-funded foreign cash buyers, led by Chinese nationals, are entering the market with advantages that most Americans simply don’t have.
China Leads the Way in Buying in the US
Data from the National Association of Realtors shows that international transactions have increased from about 54,300 homes to more than 78,000 in the past year.
