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Foreign Homebuyers, Led by China, Spend $59 Billion in the US

Foreign Homebuyers, Led by China, Spend $59 Billion in the US
A 'For Sale' sign is displayed in Falls Church, Virginia, on April 2, 2022. Stefani Reynolds/AFP via Getty Images
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Commentary

Foreign buyers poured $59 billion into the U.S. housing market from April 2021 through March 2022, snapping up nearly 100,000 homes across the country amid a severe housing shortage and record-high prices.

Greg Isaacson
Greg Isaacson
Author
Greg Isaacson spent 7 years in China and Thailand researching and reporting on business and real estate in Asia, with a focus on commercial real estate in Chinese-speaking markets as well as outbound investment from China. He has also worked as a real estate research analyst in Chicago and a real estate reporter in New York.
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