The most demand comes from those studying abroad

In front of the booth of Houston’s mosaic project, a life-sized cardboard figure of Yao Ming attracted visitors. According one person, the project is only a 10-minute walk from the Toyota Center in Houston, the gymnasium in which Yao frequently competes. The project provides houses at different prices, from 260,000 USD to over 1 million USD.

Miss Ruan, who came to inquire, will soon graduate from university and is applying to study in the US. “I also applied to universities in Houston, so I came specifically to inquire about houses after I heard about this housing exhibition,” Ruan said. “The media has said that housing prices in the US have declined sharply. If prices are really cheap, perhaps buying a house will be more cost-efficient than renting one.”

Reporters randomly interviewed dozens of visitors at the exhibition. Most of the visitors said their children are preparing to study in the US. According to the organizing committee, most of the tentative agreements on purchases reached at the exhibition are for residential properties, and most of these residential properties will serve as accommodations for the owners’ children while studying abroad.

In addition, some institutions also promoted projects for investment and immigration purposes for the sake of attracting buyers.

Chen Jingguo, a realtor from the Phoenix region, said that the situation in the US is similar to Beijing. After March this year, the housing situation in some major US cities showed signs of recovery. After housing prices were reduced, the volume of sales soared. “Our insiders believe that housing prices at present have already bottomed out and it is a good opportunity to buy,” said Chen, who has nine years of experience as a realtor.

Read the complete article from The Peoples Daily.