U.S. real estate agents are expecting to close transactions during the Chinese Lunar New Year. The number of Chinese visiting the U.S. during the holiday has increased 11 per cent compared to last year, reported PR Web (29 January 2020). "Most Chinese buyers during the Chinese New Year holiday are property hunting while visiting friends or family living nearby. Real estate is so expensive in China's big cities that U.S. and Canadian prices seem like a bargain by comparison," said Juwai-IQI executive chairman Georg Chmiel.