Not long ago, real estate like this would have been snapped up almost immediately. Other real estate agents in the area report luxury homes geared toward Chinese buyers taking up to half a year to unload. — Brent Chang, real estate agentThe turnaround in activity, industry officials say, is directly linked to policies in China. “It’s like ants moving rice,” said Helen Chen Martson, a San Gabriel Valley real estate agent for Keller Williams. The rules could have broad implications around the world for any city exposed to Chinese real estate investment such as Vancouver, Sydney and more recently, Seattle.

Source: Los Angeles Times February 23, 2017 11:01 UTC