Texas Ranked Third U.S. State for International Homebuyer Sales
From April 2017 to March 2018, international homebuyers in the Texas real estate market added $10.89 billion to the Texas economy, according to the Texas Homebuyers Report released by Texas Association of Realtors. The report also revealed that Texas is the No. 3 state in the country for international home sales, Florida and California coming in at first and second.
According to the report, Texas had the highest volume of homebuyers from Mexico within the reported year. Thirty-eight percent of Mexican homebuyers who purchased a home in the U.S. chose Texas. Furthermore, 9 percent of homes purchased by international homebuyers in the United States from April 2017 to March 2018 were accounted for in Texas.
In addition, six Texas metropolitan statistical areas (MSA) are in the top 50 MSAs nationwide for immigration, the report said. These areas include: Austin – Round Rock – San Marcos, Houston – Sugar Land – The Woodlands, and Dallas – Fort Worth – Arlington.
“International home sales activity continues to be one of the strongest sectors in Texas real estate, spurring strong growth in the Texas economy. Despite the slight drop in international homebuyers compared to the previous period, Texas remains an international hub and top destination for people from across the world to live, work and conduct business.”
For more information on how the Texas Association of Realtors collects and uses data, reference the original report summary here.Posted on Friday, November 2, 2018