Buyers from China make up the largest number of foreign buyers of U.S. properties, CNBC reports, and 46 percent of them purchase with cash.
"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," Daren Blomquist, vice president at RealtyTrac, told CNBC.
The number of cash buyers from China increased 229 percent from a decade ago. In contrast, cash buyers overall made up 33 percent of all buyers, a 65 percent increase from a decade ago.
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