How foreign purchases of U.S. homes impact prices and supply
Tuesday, September 15, 2020 - 07:10
in Mathematics & Economics
Housing markets are preferred destinations for foreign investors looking for yields, vacation homes or safe havens, or for those dodging tax restraints and corruption crackdowns in their home countries. But demand for U.S. homes from foreign investors, especially Chinese, pushes up home prices, exacerbating concerns over housing affordability, according to new research from Wharton.