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Chinese Buy Fewer Los Angeles Condos, Hurting Los Angeles Real Estate

Market Update – Home sales are down significantly so far this year compared with 2018, even with lower mortgage rates. #chinese #realestate #dtla REAL ESTATE NEWS USA Today reported this week that Chinese home buyers and investors have pulled back sharply from the U.S. real estate market.  Foreign investors purchased $77.9 billion in residential property …

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Oceanwide Obstacles – Constructions Halts at Downtown Los Angeles Condo Megaproject

REAL ESTATE NEWS – Update Downtown Los Angeles —  It’s hard enough to get any construction done in L.A.; just trying to figure out and comply with the city’s vast regulations and frustrating inspection process is enough to make builders throw in the towel.  Add the financial challenges of a China-backed developer trying to obtain …

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