More rebalancing

Dallas Morning News: Some of Plano real estate agent Michelle Lee’s best clients these days are coming from across the globe.
Lee and other real estate professionals around the country are getting business from foreign buyers eager to snap up homes in America.
“I get so many calls; this is an amazing time,” said Lee, who’s been in the business since 1986. “The Chinese people have a ton of money, and they pay cash.
“They buy expensive houses,” she said. “They really want to go to Collin County, but it’s so difficult to get property there.”
Lee said Chinese buyers are looking for moderate- and low-priced homes they can invest in for rental. And they are buying luxury houses for their own use or for family.
“If an agent understands their culture, you can do a lot of business,” she said.
This year U.S. real estate agents expect to sell more than $92 billion in homes to international buyers. That’s a 35 percent increase from last year.