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Chinese Investors Looking To Buy U.S. Homes

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Chinese Investors Looking To Buy U.S. Homes

Economy

Chinese Investors Looking To Buy U.S. Homes

Chinese Investors Looking To Buy U.S. Homes

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  • <iframe src="https://www.npr.org/player/embed/101234145/101234153" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Cash-rich tourists from mainland China are coming to the United States to cruise neighborhoods with a lot of foreclosures or unsold developments. They are looking for bargain-basement buys. These recent home-buying tours to the U.S. have become one of the most popular tour group packages in China.

Rob Schmitz reports for member station KQED.

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