International Homebuyers Add $11 Billion to Texas Economy in 12 MonthsAUSTIN (Texas Association of Realtors) – Texas home sales to international homebuyers contributed just over $11 billion to the state's economy between March 2013 and March 2014 and rose to their highest level in five years, according to the 2014 Texas International Homebuyers Report released today by the Texas Association of Realtors (TAR).
International homebuyers accounted for 7 percent of total U.S. home sales, totaling $92.2 billion in sales volume. Twelve percent of this originated from Texas, ranking the Lone Star State the third largest state for international home sales.
According to the report, naturalized U.S. citizens in Texas are almost 12 percent more likely to own a home than their native counterparts. More than 75 percent of naturalized U.S. citizens in Texas are homeowners compared with only 63.5 percent of native Texans.
More than half of all international homebuyers in Texas are from Latin America or the Caribbean.
Texas continues to be a hub for immigration to the United States, says TAR. The Lone Star State is home to the third largest immigrant population and ranks seventh in the nation for percentage of foreign-born residents among the statewide population. In addition, six of the top 50 metro areas for immigration in the United States are in Texas.
Author:Amber L Johnson Phone: 972-755-9255 Dated: September 4th 2014 Views: 568 About Amber: Amber Johnson was born and raised in North Carolina, where she attended Wake Forest University and a...
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