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December 22, 2014

China's wealthy buy homes in this state

  • Washington state ranks second only to California in sales to Chinese buyers, and observers say this investment cycle has just begun.
  • By MANUEL VALDES
    Associated Press

    MEDINA — Savvy Seattle-area real estate agents have gained an advantage by paying attention to the growing connections between China and Washington state.

    “I'm so glad my mother made me study Chinese,” laughed property broker Janie Lee, after showing a client from Beijing a $4 million home in the suburb of Medina. “I've been using it a lot.”


     
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