KGMI News
LYNDEN, Wash. – Chinese interest in Seattle’s already strained housing market is growing. That could lead more buyers up to Whatcom County, but Radio Real Estate Host Mike Kent says Chinese investment is leveling out the local real estate market.
“Maybe 10 percent of our buyers in North Whatcom County are from Vancouver versus at one time it was over 60, 70 percent,” Kent said. “But the Chinese buyers have back-filled some of that buyer demand.”
Kent notes that many Chinese buyers look at housing and land purchases as long-term investments and are improving the properties, which impacts housing prices.