Tuesday, October 6, 2015

RealtyTrac Reports Share of Chinese-Speaking Buyers Paying Cash for U.S. Homes Increased 229 Percent in the past 10 years

Daren Blomquist

IRVINE, CA, Oct. 6, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, and Ethnic Technologies (www.ethnictechnologies.com), the global leader in digital multicultural marketing, research, data enhancements and analysis, today announced findings from a joint analysis of 10 million publicly recorded residential property sales deeds in 2014  and 2015 compared to 2005 by ethnicity and native language spoken.

The analysis found that 46 percent of Mandarin Chinese-speaking buyers who purchased U.S. homes in the 17 months ending in May 2015 paid all-cash, up 229 percent from the 14 percent share paying all-cash in 2005 — the biggest increase of any language group.

Among all language groups, the share of all-cash buyers of U.S. homes increased 65 percent from a 20 percent share in 2005 to a 33 percent share in the 17 months ending in May 2015.

Native Language
2005 Cash Share
2015 Cash Share
Percent Increase
Chinese Speakers
All Buyers

“Cash buyers across the board are playing a much bigger role in the housing market now than they were 10 years ago, and that is particularly true for Chinese Mandarin-speaking cash buyers, who are more likely to be foreign nationals,” said Daren Blomquist vice president at RealtyTrac.

“Foreign cash buyers have helped to accelerate U.S. home price appreciation over the past few years given that these buyers are often not as constrained by income as local, traditionally financed buyers.”

For a complete copy of the company’s news release, please contact:

Ginny Walker
949.502.8300, ext. 268

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