Asian buyers buoy demand for new homes in California
China Daily | Updated: 2012-03-15 07:50
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Home sales in Orange County, California, are being driven up by Asian buyers who are lured by lower prices following the housing price collapse and proximity to Asian communities. Jonathan Alcorn / Bloomberg |
Connie Wang paid about $960,000 last June for a new four-bedroom, four-bath house in a sprawling swath of Southern California that's home to Disneyland and Pimco. Now she may buy a second as an investment.
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