How is China Impacting the United States Real Estate Market?

In a recent Forbes article, it was reported that the Chinese State Council is now requiring it's government bodies to sign off on all foreign investments over $10 billion or on investments over $1 billion if the purchase is considered to be outside of the investor's core business.

In addition, the State Council also mandates that a halt on state-owned real estate purchases exceeding $1 billion. This decision was primarily sparked by the weakening of the Chinese currency, the yuan renminbi. The renminbi's depreciation is primarily attributed to a large capital outflow from China.

While these restrictions aren't said to have a major impact on large commercial real estate investors. However, "the impact for privately-held companies, smaller companies and wealthy buyers is likely to be a bit more noticeable". These effects have been seen in the purchase of pricier American real estate and the increased difficulty to transfer money from China to the United States.