U.S. homebuyers went on a buying spree during much of the coronavirus pandemic’s first year. International buyers did just the opposite.
“There has been quite a positive impact on the demand from the Biden boost, as the U.S. is being perceived as much more predictable now, and visas are also much easier to be obtained,” said Georg Chmiel, executive chairman of Juwai IQI, a home listing site in China much like Zillow in the U.S.