00:01Hello everyone, I'm Sun Sitao
00:02Welcome to this video
00:03Earlier this year, a wildfire that attracted global attention occurred in Lusoft Machine
00:07Fire sweeps through Pacific Palaces, a luxury waterfront residential complex
00:10and parts of Malibu in Billing
00:12In just a few days, a large number of mansions were burned to ashes
00:16According to the Malibu City Council
00:17In Malibu alone, 720 homes were completely destroyed.
00:22While everyone is still lamenting the disappearance of these coastal luxury homes
00:25American real estate website Retor.com
00:27An exclusive news was released on August 8th
00:30A mysterious foreign investor
00:32Quietly buying these burned plots
00:35And these prime sea view areas along Highway 1
00:40The report said the foreign investor has a deficit of more than $65 million.
00:44Acquired nine plots of beachfront land where luxury homes once stood.
00:48The motorcycle industry is preparing for reconstruction
00:50This is not an isolated case
00:52It's all about the broader trends in the Southern California real estate market.
00:56A group of discerning overseas high-net-worth buyers
01:00Returning to the Southern California real estate market
01:02According to the National Association of Real Estate Agents (NAR)
01:05The latest annual International Buyer Real Estate Transaction Report, released on July 14th,
01:10From April last year to March this year
01:12Foreign buyers purchased $56 billion in U.S. residential real estate
01:16A year-on-year increase of 33.2%
01:18The number of units sold reached 78,100
01:22A year-on-year increase of 44%
01:24This is the first positive annual growth recorded since 2017
01:28In this wave of overseas buyers
01:31Chinese buyers made a strong comeback and regained the top spot
01:35From April last year to March this year
01:37Chinese buyers total $13.7 billion in U.S. real estate
01:41Accounting for 24.5% of all foreign buyer transactions
01:4511,700 units sold, accounting for 15%
01:48Year-on-year growth of over 80%
01:50Almost doubled
01:51You know, during the three years of the epidemic
01:53The amount of housing purchased by Chinese buyers in the United States once fell to single digits
01:57Only $1.15 billion in 2020
01:59In 2021, it was only $480 million.
02:02The market share was quickly surpassed by Canada, Mexico and other countries
02:06Now their total purchase amount has increased by 83% year-on-year.
02:09Hit a new high since 2018
02:12Although it is still far from the peak of US$31.7 billion in 2017,
02:16There is still a gap
02:17But the speed of recovery is amazing
02:19More noteworthy is
02:2071% of Chinese buyers use all-cash transactions
02:24Much higher than the 47% average for foreign buyers
02:27This means they don’t have to go through the rigorous and lengthy loan approval process
02:31In the fiercely competitive high-end market
02:34Quickly lock in high-quality housing targets
02:36According to statistics from BatchData, a US market data company
02:40A total of 980,000 homes were sold in the U.S. in the first quarter of this year
02:4427% of them were purchased by investors
02:47hit a 5-year high
02:48Many investors will use a price lower than the listing price
02:51All-cash offer
02:53In a high-interest environment, all-cash buyers have a stronger premium
02:58Based on my experience in Los Angeles, Southern California
03:00There is also a long-term observation of the real estate market in Erwan
03:03What about the return of traditional buyers with urgent needs in the United States?
03:06I'm afraid we'll have to wait
03:07As long as interest rates remain high
03:08What about most families who rely on loans to buy houses?
03:11Buying a house is still a heavy burden
03:13But high net worth buyers from overseas
03:16Look beyond short-term housing price fluctuations
03:19Instead, they actively entered the market during a relatively depressed period.
03:22Treating high-quality U.S. real estate as a stable asset
03:25Included in long-term asset allocation list
03:27Especially in the second half of this year, the Federal Reserve may
03:30Under the expectation of starting interest rate cuts
03:31Many hedge funds
03:33California Office
03:34and high net worth individual investors
03:36Already laid out the core high-quality real estate in the United States in advance
03:39In terms of geographical distribution
03:41California remains the top destination for Chinese buyers
03:44Attracted 36% of Chinese buyers
03:46Next are Maryland and New York
03:489% each
03:50What about the type of house purchase?
03:5171% of Chinese buyers choose single-family villas
03:5414% chose to run
03:5612% purchased apartments
03:58About two-thirds of buyers are looking to finance
04:00Including personal use
04:01Children studying abroad
04:02Also used as a holiday home
04:03Especially on the roads of Southern California
04:05And places like Irvine in the city and county?
04:07Because of the rich educational resources
04:08The mature Asian community
04:10Convenient transportation between China and the United States
04:11Excellent business environment
04:13There are also many high-end job opportunities
04:14These areas
04:16It has long been a hot spot for Chinese buyers
04:18What about the price?
04:20Average home purchase price by Chinese buyers
04:22Up to $1.2 million
04:23Ranked first among all foreign buyers
04:25What is the median house price?
04:27$760,000
04:28It is also significantly higher than the overall foreign buyers
04:31$494,400
04:32What does this mean?
04:33Their layout is concentrated in high-end residential areas in core areas
04:36What about this type of assets?
04:38Not only strong value preservation
04:39What about the future?
04:39There is still room for long-term appreciation
04:41NR Chief Economist
04:43Where is Lao Ren Si Yin?
04:43Once said
04:44Comprehensive intellectual property protection in the United States
04:46There is also a relatively stable real estate market
04:48In the eyes of global investors
04:51Still a safe haven
04:52Now
04:53With the rise of overseas high net worth individuals
04:54Especially the return of Chinese buyers
04:56US residential market
04:57Once again ushered in a strong external driving force
04:59A Malibu oceanfront mansion destroyed by wildfires
05:02Villa school district to Roland Kilburn
05:05This capital repatriation
05:06Reshaping the American real estate landscape
05:08A shift in global monetary policy
05:10Against the backdrop of changes in the regulatory environment in various countries
05:13A new battle for international capital
05:15It has quietly started in the US housing market
05:17I am Sun Sitao
05:18Focus on US real estate trends
05:20Digging deep into the truth behind the data
05:22If you like this kind of in-depth analysis
05:24Don't forget to like and subscribe
05:25Share with those around you
05:26Friends who are also interested in real estate
05:28See you next time
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