Law of gravity will do its job. China devaluing it's currency immediately made US assets at least 10% more expensive for Chinese buyers.
Amazing news. Foreign investors shouldn't be allowed to hold us properties for speculation.
Too late harm is done ✅
That is a good point, Quacker. Too soon to see in July’s data , but August or September for sure. If even 5% of sales is Chinese foreign investment, then, much like 5% more traffic has a noteworthy effect on a crowded highway, that impact alone will make a difference.
The end is near
Cz now all brown people own the houses and time for them to lose some money. Welcome to America
You will see them buy more when there's a drop. They never miss out on a good deal.
Bay Area prices are down year over year a bit more lately too.