Fox Business News.
Dolly Lenz, CEO of Dolly Lenz Real Estate

China is dialing back its years-long real estate buying binge and has now reversed course to become a more significant net seller, according to a Wall Street Journal report.

Chinese real estate investors usually bid high prices for lavish places, including the Waldorf Astoria Hotel in New York City.

Real estate agent Dolly Lenz, the founder of Dolly Lenz Real Estate, told FOX Business' Maria Bartiromo on Wednesday that Chinese real estate investors who are buying properties for high prices are causing a pause in the real estate business.

“The commercial market is tough, it's been slowing down. Prices got way too high way too fast, partly because of Chinese purchasers," Lenz said. “All of the sellers are expecting this new high." Full article.