Emerging international real estate investors in the United States

Steve Haddadin, a renowned American real estate broker dealing in luxury real estate and investment properties, is well aware of these changing trends. With a keen eye for emerging trends in the United States real estate investor demographics, Steve has taken notice of the influx of investors from all over the world, particularly Chinese investors. China has one of the highest saving rates in the world. As of 2022, the country's net household saving rate is projected to grow to 34%. Chinese invest approximately 70% of their savings in real estate. The United States real estate industry has become one of the most ideal options for Chinese investors over the past few decades.

Steve Haddadin was born on June 21, 1997, in Los Angeles, California. In 2003, Steve Haddadin and his family moved to Yorba Linda, CA. In 2011, they moved to Amman, Jordan, where Steve Haddadin attended two years of high school at Amman Baccalaureate School to connect with his Jordanian roots and learn Arabic. After moving back to Yorba Linda, CA, in 2013, Haddadin claims to have grown a deeper interest in connecting with cultural backgrounds worldwide. He received an Associate of Arts degree in Economics and Certification in Accounting in 2017 from Fullerton College. In 2018, he completed his Bachelor of Arts in Business Administration degree in Finance from California State University, Fullerton. In 2019, he acquired a graduation certificate in Real estate from California State University, Los Angeles. In 2021, Steve Haddadin enrolled in Capital University Law School and is currently pursuing a Juris Doctor degree with an emphasis in Corporate Law.

The Chinese investment in real estate in the United States has experienced several challenges. For instance, the United States-China trade war in 2018 did not bode well. As a retaliatory measure to the United States sanctions, the Chinese government created hurdles for its citizens who sought to invest in markets abroad. China then limited outbound investments in 2016 and allowed citizens to only take $50,000 out of the country.

However, despite the obstacles Chinese investors faced, they continued to seek investment opportunities in the United States real estate industry. The National Association of Realtors (NAR) states that in 2019-2020, Chinese buyers bought United States home properties amounting to $11.5 billion. That was a little more than a sixth of the total properties bought by foreign investors. Other investment opportunities in the top five categories came from Canada, Mexico, India, and Colombia.

Global real estate opportunities are omnipresent. People relocate to the United States from other regions all the time. “We are so focused on the economy domestically and often times forget about how important the global economy is and the growth from foreign investment,” says Haddadin. Similarly, foreign-national individuals living in the United States move to new markets. Americans continue to invest in overseas real estate opportunities for which they need brokerage consultancy. Similarly, foreign investors also seek investment deals in the United States. Steve Haddadin possesses the Certified International Property Specialist Designation (CIPS®), which makes him highly qualified in dealing with foreign investors seeking investment deals in the United States.

CIPS designation is for realtors from the United States and abroad to develop their international real estate business. It equips them with the necessary knowledge, research, connections, and tools to expand their business to global markets. To acquire CIPS, United States residents need to complete a series of courses and choose three electives from 'Americas,' 'Europe,' 'Asia/Pacific,' and 'At Home with Diversity' and demonstrate international experience.

After earning the CIPS designation, Steve Haddadin has gained immediate access to business-enhancing tools and strategies. “I have always been an advocate of multiculturism; adding it to my career has been very fruitful”, says Haddadin. He has had extensive training working with buyers and sellers from all over the world. During his training, he engaged with various customs, currency, tax, and real estate laws. He is a highly qualified broker to help worldwide buyers find lucrative investment opportunities. Additionally, he is a holder of the APEC (U.S. Asia-Pacific Economic Cooperation) business travel card, allowing access to fast-track immigration lanes at international airports in participating APEC countries. You must either be a verified business person or a U.S. government official currently active in APEC business to qualify for this card.

In addition to prestigious international qualifications, Steve Haddadin's multiethnic roots make him ideal for dealing with international real estate investors. Although born and raised in Los Angeles, California, Steve Haddadin has Jordanian descent. His family moved to Jordan for a couple of years to reconnect with their cultural roots during high school. Fluent in English and Arabic, Steve Haddadin is proud of his mixed heritage. His multicultural background has helped him in establishing a successful enterprise. He knows how to deal with people from various racial and ethnic backgrounds.

From a very young age, Steve Haddadin has been a keen advocate of multiculturalism. He was selected to participate in a student ambassador delegation to Tokyo, Japan, called People to People in middle school. People to People is an International Student Ambassador program founded by former United States President Dwight D. Eisenhower to enhance cultural understanding between people of different countries. Steve Haddadin was placed with a Japanese host family, where he learned about his host family’s culture and shared his American and Jordanian values.

Steve Haddadin's excellent interpersonal skills could be attributed to his multiethnic background and his dedication to embracing multiculturalism in his business. He has established credibility with Real estate buyers and sellers of all ethnic backgrounds and continues to achieve excellence in real estate.

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