According to a new report by the National Association of Realtors – based on a survey of its member agents – the purchase of U.S. homes by foreign nationals plunged in the 12 months through March 2019. The drop was particularly steep for Chinese nationals, for whom California has been the top destination. Thinking this through, the recent protests in Hong Kong proceeded this study, so it will be interesting to see how this unrest impacts buying behavior one way or the other.
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