July 08 2013 | CNN Money
Flush with cash, Chinese homebuyers are flooding into the U.S. housing market, and paying top dollar.
"The Chinese came out really huge in the past year," said Jonathan Miller of Miller Samuel, a New York-based appraiser.
Chinese buyers accounted for 18% of the $68.2 billion that foreigners spent on homes during the 12 months ended March 31, according to the National Association of Realtors.
