Others buy because the numbers add up : despite its recent dip , the renminbi is still up more than 4 per cent against the US dollar since the start of 2010 while US house prices are still in recovery mode and appear cheap compared with Australia or Canada . ` China has emerged as one of the fastest - growing sources of international buyers for US real estate . China and Hong Kong made up the second - largest group of foreign buyers of homes in the US .
China has emerged as one of the fastest - growing sources of international buyers for US real estate . China and Hong Kong made up the second - largest group of foreign buyers of homes in the US .