House buyers seek bargains abroad

Chinese people are signing up for visits to the United States with one aim in mind - to buy homes on the cheap.

The US mortgage crisis and the downturn in the global economy has presented them with a golden opportunity.

About 300 Chinese have registered for a 10-day house-buying trip organized by Soufun.com, one of the largest real estate portals in China. The group is scheduled to leave next month.