Wikicommons/ Credit: David Shankbone
As Americans, especially younger generations, struggle to achieve a slice of the American dream by purchasing a home, Chinese buyers continue to snap up properties at an alarming rate.
According to the National Association of Realtors, from April 2024 to March 2025, Chinese nationals spent $13.7 billion on existing homes in the U.S. This represents an 83% jump from the prior year and makes them the top foreign investors in U.S. residential real estate in spending and transaction volume.
Stuart Varney addressed the increasing concern stating, “Chinese buyers are dominating foreign purchases of US homes. Grady Trimble is joining us from Capitol Hill. How much are they buying? And is Congress going to do anything about it?”
Trimble responded, “Billions of dollars worth, Stuart.”
“To answer your second question, some lawmakers say Congress does need to do something to stop Chinese nationals from buying up US real estate and to help US citizens to live out the American dream.”
“Here are the numbers from the National Association of Realtors. They say, Chinese homes from April of last year through March of this year. That’s a fraction of the total purchases, but an 82. 6% increase from the prior year.”
Watch:
Last week, Senator Rick Scott (R-FL) expressed concern about the surge in Chinese purchases of both homes and farmland.
Communist China has chosen to be our enemy.
Every American should be alarmed that the CCP requires its citizens who buy up America’s homes and farmland—especially close to our military bases—to spy on us.
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https://t.co/fc2CvhGqc7 pic.twitter.com/1txlCj0K2H
— Rick Scott (@SenRickScott) July 16, 2025
Senator Josh Hawley (R-MO) introduced the Protecting Our Farms and Homes from China Act in the Senate, Rep. Mary Miller (R-IL) introduced a companion bill in the House.
If the bill becomes law, Chinese companies and CCP affiliates that own or are renting U.S. farmland will have to divest within a year.
They are also banned from owning U.S. homes, although the ban includes a sunset clause, meaning the president will decide whether to extend the ban after two years.
Miller shared on X, “Prized American land is not for sale to our enemies. The Chinese Communist Party is the greatest threat to our national security, and their aggressive push to buy up our farmland and homes is a direct attack on our sovereignty. It’s long past time we take back control and put America’s food supply and communities back in American hands — where they belong.”
BREAKING: Rep. Miller Joins Senator @HawleyMO in Effort to Ban Chinese Ownership of American Land
“Prized American land is not for sale to our enemies. The Chinese Communist Party is the greatest threat to our national security, and their aggressive push to buy up our farmland… pic.twitter.com/CYKyBfYpC3
— Rep. Mary Miller (@RepMaryMiller) July 24, 2025
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