Southern California homebuilders slash construction 10% as luxury market, Chinese buyers fade
?In Southern California and primarily, Orange County and even more significantly Irvine, the foreign buyer and principally, the Chinese foreign buyer, first and second generations, made up 75 percent to 80 percent of the marketplace,? Larry Webb, CEO of New Home Co., recently told investors. ?And certainly, in the second half of last year, that buyer group was reduced significantly.?
https://www.ocregister.com/2019/03/...tion-10-as-luxury-market-chinese-buyers-fade/
?In Southern California and primarily, Orange County and even more significantly Irvine, the foreign buyer and principally, the Chinese foreign buyer, first and second generations, made up 75 percent to 80 percent of the marketplace,? Larry Webb, CEO of New Home Co., recently told investors. ?And certainly, in the second half of last year, that buyer group was reduced significantly.?
https://www.ocregister.com/2019/03/...tion-10-as-luxury-market-chinese-buyers-fade/