California Top Destination for Foreign Chinese Purchasing Residential Homes in US: NAR Study

China continues to see a slowdown in its own housing market, which began struggling in 2021.

The Canadian Press/Jonathan Hayward

California was the top destination for Chinese nationals looking to purchase homes in the United States this past year, according to a new study by the National Association of Realtors (NAR).

Buyers from China became the top foreign investors in the U.S. real estate market, in terms of both volume and dollar value, during the period of April 2024 through March 2025.