$2 billion and counting: Chinese shake up Puget Sound region's real estate market in a big way

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An article outlining the Chinese impact on real estate in the Pacific Northwest reads, "Another mostly residential company, Realogics Sotheby's International Realty, has what it calls its Asia Desk at its Kirkland office. The desk has about 10 agents who speak Mandarin . . . The influx of foreign buyers is shaking up the real estate industry, with broker and agents in the Puget Sound area scrambling to figure out how to tap into the market. That, by many indications, won't slow down anytime soon. A good example of the frenzy played out in Realogics' downtown Kirkland office one October afternoon during a business meeting that was more like a pep rally. Wine flowed and 150 Realtors sat in rapt attention as real estate, banking and Chinese business experts spoke."