Texas Economy Aided by $10 billion from International Home Buyers
If you’re an international home buyer looking for your next Texas real estate investment, you’re not alone.
According to the latest Texas International Home Buyers Report released by the Texas Association of Realtors, international home buyers added over $10 billion to the Texas economy from April 2015 to March 2016.
Of the 214,885 home sales by international home buyers nationwide, approximately 10 percent of the home buying activity was in Texas. This represents a two percent increase from the same time period last year.
“Over the last several years, Texas has become increasingly popular among international homebuyers from all parts of the globe for relocations, investment properties, and vacation homes,” said Leslie Rouda Smith, chairman of the Texas Association of Realtors. “In addition to our state’s strong economy and job growth, Texas’s friendly and welcoming culture is part of what makes our state a great place to live, work, and do business.”
View the full Texas International Home Buyers Report online.
Categories: industry news