Foreigners are aggressively buying US housing

2015-08-26
US

Chinese investors looking to buy houses in the USThe stock market corrections have major consequences for many investors. One consequence is that many of those foreign investors are looking to put their money in safe heavens such as US real estate. The amount of capital outflows out of Asia in particular has been high and a significant amount of those funds are finding their way into the US real estate market. Chinese citizens are believed to buy more and more US houses and condos.  Real estate experts based in New York and West Coast are indicating that Asians have been purchasing many houses in their neighbourhoods over the last few years. 

The full article as published on Business Insider can be read here.

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