Foreign homebuyers boost in Texas, TAR reports

International buyers purchased $10 billion in real estate in Texas, ranking it third in the nation
  • Out of all home sales in the U.S. between April 2015 and March 2016, approximately 214,885 were purchased by buyers from other countries.
  • Texas' foreign homebuyers comprised 10 percent of international investments in the U.S. between April 2015 and March 2016.
  • With 33,856 immigrants, Houston is the fifth largest city in foreign-born population.

Declining foreign homebuyers in the U.S. became a concern this year, given the strengthening U.S. dollar, presidential election, Brexit and Department of Treasury’s luxury cash-buyer rules. However, a report from the Texas Association of Realtors (TAR) shows international activity increasing across the nation and in the Lone Star State specifically.