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Sponsored by Quicken Loans |
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Why Chinese Homebuyers Are Coming to the U.S. |
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According to the National Association of REALTORS® (NAR) 2016 Profile of International Home Buying Activity, Chinese homebuyers make up over 27 percent of all international home sales in the U.S Not only are Chinese buyers purchasing more U.S. property than any other group of international buyers, but they are also purchasing at a much higher price point. While the average purchase price for other foreign buyers during 2016 was $477,462, the average purchase price for Chinese buyers was $936,615—plus, approximately 71 percent of those purchases were all-cash. This is an opportunity that U.S. real estate professionals simply can’t afford to miss. ...
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