Following a long lull, Chinese buyers once again dominated foreign purchases of U.S. homes in recent months, according to a new report.

In the 12-month period between April 2022 and March 2023, Chinese buyers accounted for 13% of all foreign buyer purchases, according to NAR survey data.

Most Chinese buyers are now purchasing U.S. homes for their own use, said Kashif Ansari, co-founder and group CEO of international property company Juwai IQI, citing the company data.