[curtis]

> From the article, 50% of homes sold in Seattle and its suburbs are foreign investments.

The article does say that, but as a Seattle resident, that really does not sound right to me. As a counterpoint, this article[1] in the Seattle Times says:

Chinese money now accounts for about 55 percent of all homes purchased by foreigners in Washington, the Realtors association says.

and

“It’s definitely helped in driving prices up,” Riley said. In some parts of the Eastside, in particular, she said “we’ve had a large influx of international buyers coming in. They’re the buyer about 50 percent of the time right now.”

That's 50 or 55% in some parts of the market, not the Seattle metro market as a whole. That's a lot more believable.

[1] http://www.seattletimes.com/business/real-estate/seattle-bec...