Foreign buyers flee the U.S. housing market, led by Chinese and British

Foreign buyers flee the U.S. housing market, led by Chinese and British
China’s currency controls, as well as international tensions between the U.S. and a slew of countries traditionally thought of as our allies, are putting a crimp on America’s real estate market by thwarting demand from foreign homebuyers. Purchases by Chinese people, the biggest share of foreign purchasers, plummeted 56% in the 12 months ended in March, while British home purchases tumbled 48%.
Source: https://www.housingwire.com/rss