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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. In Texas, foreign homebuyers boosted 2 percent year-over-year, comprising 10 percent of international investments in the U.S. between April 2015 and March 2016. Texas posted 21,488 home sales and $10.2 billion in sales volume from buyers across the globe, the report says. Texas International Homebuyers Report / TAR 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, according to the report. While international activity is up 3 percent year-over-year in the same time frame, the dollar volume spent dropped 1.25 percent to reach $102.6 billion. T...