Last year, I purchased a house in the Bay Area which has a very competitive real estate market that favours the seller. The mortgage broker, whom I worked with,

Last year, I purchased a house in the Bay Area which has a very competitive real estate market that favours the seller. The mortgage broker, whom I worked with, claimed that of the thirty clients that he represented, 2 were able to win a bid and usually had to bid on many houses before winning. They weren't losing to higher bids, he said. They were losing to all cash offers from Chinese investors.