As mortgage rates in Dallas mostly fell this week, Chinese buyers may be flocking over to its real estate market, informed Bankrate.com (19 September 2013).
Based on the Bankrate.com national survey of large lenders, the benchmark 30-year fixed-rate mortgage in Dallas dropped to 4.66 percent from 4.68 percent.
According to Dave Platter, global PR and communications director at Juwai.com, Chinese real estate investment activity in Dallas was up 110 percent in August from July.
In fact, while the Big D only ranked fourteenth on the site's August list of top U.S. cities for Chinese individual real estate investment, the city is trending rapidly, says Andrew Taylor, co-CEO of Juwai.com. As for Dallas agents who want to attract more Chinese buyers, Taylor advises them to market the lifestyle, investment and educational benefits of the city's neighbourhoods.