It’s not as if Chinese investment dollars have not been pouring into U.S. real estate:
- The Chinese are the top foreign buyers of U.S. homes, spending $22 billion on residential real estate from April 2013 to March 2014, according to the National Assn. of Realtors. About 51% of reported purchases were in California, Washington and New York.
The Chinese are the leading foreign buyers of U.S. homes. Sales reached a record $29 billion in the 12 months to March 30 (2015) – that’s more than a quarter of all foreign purchases by value, according to the National Association of Realtors.
Still, more is coming. With a 40% crash of the Chinese stock market since June, and the recent devaluation of the Yuan (also known as the RMB), Chinese investors are looking to move more cash overseas. Indeed, the California real estate market is likely to experience a tsunami of real estate investment dollars over the next several months.
This is likely to drive more real estate bidding wars here in the land of movies and sunshine.
If we here at Silverwood Properties have specialized in anything, it has been finding those unique real estate opportunities that are flying under the radar.
This is our world. We know it well. We pride ourselves on finding those rare real estate gems that have yet to hit the major listing services.
Looking for something flying under the radar? Call us. We’ll help you find it.