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Not only in the U.S. but cash buyers of real estate investment stocks and trusts (REITs) in Canada, Europe and Asia (IYR, FTY, PSR, RWO, IFGL) have been selling the July 2013 peak.  

And now in August the "Chinese buy real estate at any price" Guggenheim AlphaShares China Real Estate ETF (TAO) looks to have joined the cash exit window. More at www.chpc.biz