Chinese Buyers Snap Up Real Estate In The U.S.

Published July 21, 2014 at 1:40 PM EDT

A sale pending sign is posted in front of a home for sale on July 17, 2014 in San Francisco, California. (Justin Sullivan/Getty Images)

Foreign buyers have helped boost luxury real estate prices in places such as Manhattan for several years now. But that trend may soon push into non-luxury markets across the United States.

The real estate website Zillow soon plans to publish its for-sale listings in Mandarin. Diane Francis of the National Post joins Here & Now’s Meghna Chakrabarti to discuss the recent announcement.

Read Diane Francis’ piece, “The Chinese are coming, and they’d like to buy your house”

Guest

Diane Francis, editor-at-large at the National Post in Toronto and a management professor at Ryerson University in Toronto. She tweets @dianefrancis1.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

Donate