(Credit: Courtesy Dolly Lenz)
The Chinese make up the fastest-growing market of foreign buyers of U.S. homes, according to Juwai.com, a Chinese website for global luxury real estate.
"We're huge believers in China," says Mauricio Umansky, CEO of TheAgencyRE.com, a Los Angeles real estate company that caters to foreign buyers. "Anybody not reaching out to the Chinese is losing out on an amazing opportunity."
Umansky tells ABC News that in the Los Angeles area alone he closed 40 sales with Chinese buyers in the past year, up from 15 the year before.