The number of Chinese investors buying American real estate is on the rise, with over half the $22 billion from Chinese investors going to California, Washington and New York, according to a CNNMoney article. But there are other states that are gaining more popularity among Chinese investors, including Florida, Texas, and Michigan.
Some investors are purchasing homes so that their kids have somewhere to stay while attending colleges, but almost half of the purchases are for investment purchases only.
Read the full article at: https://money.cnn.com/2014/07/23/real_estate/chinese-home-buyers/index.html
