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.
| Native Language | 2005 Cash Share | 2015 Cash Share | Percent Increase |
| Chinese Speakers | 14% | 46% | 229% |
| All Buyers | 20% | 33% | 65% |
“Cash buyers across the board are playing a much bigger role in the housing market now than they were 10 years ago, and that is particularly true for Chinese Mandarin-speaking cash buyers, who are more likely to be foreign nationals,” said Daren Blomquist vice president at RealtyTrac. “Foreign cash buyers have helped to accelerate US home price appreciation over the past few years given that these buyers are often not as constrained by income as local, traditionally financed buyers.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
