Chinese Buyers Spent 83% More on US Homes This Year

Homes in Los Angeles, California.Photographer: Eric Thayer/Bloomberg

Chinese buyers remained the largest group of foreign investors in US residential real estate by both dollar value and number of purchases.

They acquired $13.7 billion worth of homes in the US from April 2024 through March, representing an 83% jump from a year earlier, according to a report by the National Association of Realtors.