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A woman pushes a stroller past a banner at a construction site project financed by the Shanghai Commercial Bank in San Gabriel, Calif., on May 17, 2016. Frederic J. Brown /AFP/Getty Images
Foreign homebuyers purchased fewer homes last year, a new study found, the lowest level since 2009, as the housing market faces an overall decline.
The plunge in sales underscored the severe state of the domestic housing market, as buyers across the board have faced low inventory, which has kept prices high.
