A total of 27.3 billion U.S. dollars, 29,195 houses - What these numbers are saying is China has been the largest buyer of U.S. homes for the second year in a row.

 

总计273亿美元，29195套房子——这些数字表明中国连续第二年成为美国房产的最大买家。

 

Increasing activity has brought both the dollar volume and number of units soldto levels far exceeding that of any other foreign demographic.

 

In terms of dollar volume, the Chinese bought26.7 percent of the total amount of residential¹ property sold,notes Lawrence Yun, chief economist² at U.S. National Association of Realtors as quoted by news media on Saturday.

 

In Profile of International activity in U.S. Residential Real Estate, market researchers atNARoutlined some major trends in Chinese activity in the U.S. market.

 

Among the major foreign buyers, Chinese buyers tend to purchase residential properties in central cities and suburbanareas with relatively³ higher property prices. The average purchase price among Chinese buyers reached 936,615 dollars, almost three times of that of Canadians, the second most generous buyer group.

 

About a third of Chinese buyers purchased residential property in California.New York, Texas, Washington, andNew Jersey⁴. With roughly 39 percent of Chinese buyers buyingin states other than these top five states, they are among the more broadly geographicallydistributed foreign buyer groups.

 

10 percent of Chinese buyers made purchase in the city of New York alone.Other buyer groups tend to purchase properties for vacationpurposes, while New York drew Asian buyers most likely for reasons related togeographic proximity⁵, cultural similarities, and job opportunities.

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