What $11 billion means for Texas real estate
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.
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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