IRVINE, CA—About 46% of Mandarin Chinese-speaking buyers who purchased US homes in the 17 months ending in May 2015 paid all-cash, up 229% from the 14% share paying all-cash in 2005. It was the largest increase of any language group, according to a study conducted by RealtyTrac and Ethnic Technologies, the global leader in digital multicultural marketing and analysis.
The joint study analyzed 10 million publicly-recorded residential property sales deeds in 2014 and 2015 compared to 2005 by ethnicity and native language spoken.
Among all language groups, the share of all-cash buyers of U.S. homes increased 65% from a 20 percent share in 2005 to a 33% share in the 17 months ending in May 2015.
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