Chinese investors and émigrés have helped Seattle’s housing market become one of the hottest, both in the city and in its suburbs. How much will China’s current financial woes affect this?
According to the Puget Sound Business Journal, the recent devaluation of the Chinese yuan made buying all things American more expensive for Chinese buyers.
“Add to that the plunging of global stock and commodity prices, and the result is that there's a pall of uncertainty now hanging over the Seattle area real estate market that has become a favorite target for overseas investors,” the article says.
PB Topical Ref
