The worth of foreign investment in the US residential real estate market declined, while Chinese investors retained their top position with lavish houses mostly in California, reports Yicai Global (31 July 2018). The amount paid by foreigners in the US for residential property reduced 21 percent to USD121 billion in the period of a year from April 2017 to March 2018, data from US trade organization National Association of Realtors shows. This made up 8 percent of the total of USD1.6 trillion in house sales across the States. Carrie Law, Juwai.com's CEO and director states that the potential enquiries reveals the aim to offset the Chinese yuan's depreciation pressures against the US dollar.
