CNN mention on Chinese investors coming to U.S.

Chinese homebuyers are flocking to these U.S. states

View article at CNN.com

By Les Christie  @CNNMoney July 23, 2014: 5:11 PM ET

 NEW YORK (CNNMoney)

 

Chinese buyers are now the biggest international players in the U.S. housing market and some states are seeing billions of dollars in real estate deals as a result.

5 Tips On Buying Apartment In New York

New York's position as a top global city has always attracted property investors both local and foreign.  To local New Yorkers, they believe in New York (which is why they live here in the first place) while to foreigners, New York is recognized as a safe haven for asset diversification.  

Why invest in New York property

Analysis and commentary on why invest in New York property.

Asian American New York Property Agent

Wei Min Tan is a Manhattan property agent often interviewed by top media such as CNN, New York Times, Wall Street Journal and NBC.   He focuses on condominium apartments and serves global investors interested in asset diversification through Manhattan property.  

Top mistakes when investing in Manhattan apartments

Property investment is a subject that has been written about in so many books that following the advice to the book can be risky.  Given the large amount of money involved, especially with a Manhattan, New York apartment, it's important to make decisions at a local level.

Here are top mistakes we observe (and correct) with our investor clients.

1. Assume it's all about location:
The old saying of location, location, location holds true for the most part, but not always.

Interviewed by Marketwatch on overseas buyers flocking to the U.S. for investment property

By Amy Hoak, MarketWatch
July 9, 2014, 7:26 a.m. EDT


View on Marketwatch.com, "Foreign Home Buyers Flock To U.S." 

Home sales made to international buyers rose about 35% for the year ending March 2014, as people took advantage of favorable exchange rates and affordable prices, according to a report released by the National Association of Realtors on Tuesday.

Total sales to foreign buyers reached an estimated $92.2 billion from April 2013 through March 2014, up from $68.2 billion the previous year, according to NAR’s 2014 Profile of International Home Buying Activity report. That’s about 7% of the total U.S. existing home sales for the period.