International Real Estate: Foreign Buyers Bring $11B to Texas
Of all the international purchases in America, 12 percent of buyers from abroad purchase in Texas, according to the 2014 Texas International Homebuyer Report from the Texas Association of Realtors. Those buyers accounted for a total of $11.06 billion in sales between March 2013 and March 2014, the report says, making the great state the third most popular market for international buyers.
“The Texas housing market is not only strong in sales volume, but in its diversity,” said TAR chairman Dan Hatfield. “The demand for Texas homes stretches around the world. International homebuyers increasingly view Texas homes as a good investment, and as our economy has grown, so has the number of international homebuyers in our state.”