Mandarin Chinese-speaking buyers are accounting for more overall U.S. homes purchases and are routinely paying with all cash. Analysis of RealtyTrac’s data by Ethnic Technologies shows that 46 percent of Mandarin Chinese-speaking buyers who purchased homes in the 17 months ending May 2015 paid all-cash.
- Mandarin Chinese-speaking buyers are noticeably active in Seattle and Southern California.
- The volume of homes purchased by this buyer type has risen significantly since 2005.
- A higher volume of all-cash deals may be a continuing trend.