Chinese Buyers Grabbing Up American Homes

Between April 2024 and March 2025, Chinese investors snapped up nearly twice as many U.S. homes as they did the previous year, according to a new report from the National Association of Realtors (NAR).

The NAR report showed an 83% surge in Chinese residential real estate purchases relative to the same period a year earlier, with spending increasing from $7.5 billion in the year prior to $13.7 billion. Chinese nationals purchased 11,700 U.S. homes, making them the largest group of foreign buyers, followed by 10,900 properties purchased by buyers from Canada, 6,200 from Mexico and 4,700 from India.

The average price of homes bought by Chinese purchasers was $1,168,800, and Chinese buyers “were more likely to pay in all cash than any other buyer group,” Kashif Ansari, co-founder of Juwai IQI, a real estate technology group, told Bloomberg. By contrast, 75% of U.S. households are currently unable to afford the median-priced new home of $459,826, according to the National Association of Home Builders.

Thirty-six percent of Chinese buyers purchased properties in California, followed by 9% in New York.

While total Chinese spending on U.S. homes remains below the 2017 peak of $31.7 billion, the rebound underscores how wealthy Chinese investors continue to view the U.S. housing market as a safe haven, according to Ansari. Meanwhile, the Chinese property sector has faced a downturn