Chinese and Canadians are top foreign investors in U.S. real estate


International buyers and recent immigrants have poured $150.3 billion into US residential properties, up 49 percent from a year earlier and breaking a new high in history, according to the 2017 report released by National Association of Realtors.  It comes as a surprise under the political and economic uncertainty here and there in the world. About 10 percent of home sales by dollar volume is purchased by foreign buyers. Chinese buyers remain the top foreign buyer of US real estate for the fourth consecutive year, and spent $31.7 billion in the year, followed by Canadians with $19 billion. Within the US, the top three destinations are Florida (22 percent), California (12 percent) and Texas (12 percent). Read more at inman

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