Reuters/Stringer
- China's housing market is so tough that buyers have been heading to the US to purchase a home.
- Chinese buyers spent $13.6 billion on US residential real estate in the year ending March 2023.
- A shaky economy and lower confidence in the property sector have weakened the housing market in China.
China's housing market is so bad that homebuyers appear to be flocking overseas to purchase a home in the US, according to data from the National Association of Realtors.