Showing posts with label Alex Veiga. Show all posts
Showing posts with label Alex Veiga. Show all posts

Friday, September 25, 2015

Media Interview: Yuan Devaluation Could Weigh On Chinese Buyers Of U.S. Homes






















By Alex Veiga, Associated Press Business Writer
Friday, Sept 18, 2015, 10:35AM EST

Shanshan Wu already owns three houses back home in China. But the 36-year-old has spent the last two months in Chicago shopping for a three-bedroom. She's got cash to spend - up to $400,000.

And she's not done.

"The real estate market in China is dropping and I'm planning to sell one of them to maybe buy more houses in the U.S.," said Wu, whose hometown of Yunfu is in the province of Guangdong in southeast China.