Chinese Americans Spend the Holidays Hunting for New Homes
Sing Tao Daily, Posted: Dec 29, 2009
SAN GABRIEL, Calif.— In Southern California, many Chinese Americans went for house hunting instead of family gathering during the holidays, reports the Sing Tao Daily.
Real estate agent Zhu ChenYang said, winter is usually a low season for the real estate market but Chinese Americans, especially first-time home buyers, showed great interest this year. His business grew nearly 50 percent compared to last winter, he told the newspaper. Zhou Chang, one of the house hunters, said work was too occupying before, so she and a few friends decided to make good use of the holidays to look for housing, hoping to catch the train before the prices and interest rates increase. Chinese Americans are also expanding their hunting perimeter to newly developed areas, as most of the popular areas remain expensive.
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