Wednesday, February 8, 2017

Asian rebalance bubbles Seattle home prices

WSJ: When Anna Riley, a Seattle-area real-estate agent, held an open house for a new $2.3 million listing in the tony city of Bellevue late last month, the pool of prospective buyers was different from the usual assortment of tech magnates, sports stars and chief executives.Twenty groups of buyers visited the property in the Seattle metro area—and all of them were Chinese.“Every single one,” said Ms. Riley, an agent at Windermere Real Estate, noting that Asian investors had typically, before last year, accounted for about a quarter of the firm’s prospective buyers.
This would the ongoing evolution of Nancy's little browns willing to  cover the recurring losses of Nancy's little brown federal spending. 

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