“Ken DeLeon—named by The Wall Street Journal as the country’s most successful real estate agent—said he has done close to $300 million in sales this year and that the market has never been hotter.  DeLeon said that in the past year he has sold more than 20 luxury residences in the Palo Alto area to buyers from mainland China, Taiwan and Hong Kong. Most of those buyers are looking for houses in the $2 million-plus range, he said.   Business is so brisk that the agent recently bought a Mercedes bus to shuttle his Chinese customers around the valley.  They are serious buyers, he said; several have bought modest houses on a decent-sized lot, then undertaken ambitious renovations.”

http://www.cnbc.com/id/101168745

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