What $11 billion means for Texas real estate

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The Texas flag waving in the wind.

09/03/2014 | Author: Editorial Staff

Even international consumers know that Texas real estate is a great investment. In fact, Texas accounted for $11.06 billion in home sales to international buyers between March 2013 and March 2014, according to the 2014 Texas International Homebuyers Report. 

The report, released Sept. 2 by the Texas Association of REALTORS®, also explains that purchases by international homebuyers have risen to the highest level in five years. 

Dan Hatfield, chairman of the Texas Association of REALTORS®, explained what this increase means for Texas. "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," Hatfield said. 

Download the full report to learn more about the role that international home sales play in Texas. 

Categories: Research, Sellers
Tags: international, research, texas news, statistics, market news


Comments

Martha on 09/03/2014

Not questions about Texas real estate is a great investment, the bad side is that international investors don’t take care of the properties like a local landlord do. Outside investors just look at the numbers and don’t want to put money on most properties. Also Rent prices are going sky rocket! at most of Houston and surrounding areas forcing reenters to go multifamily on one property.


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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