Amarillo's housing market on pace for record yearAmarillo's housing market on pace for record yearhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=144622016-09-09T05:00:00Z2016-09-10T15:00:00Z

​​AMARILLO - The housing market has steadily grown over the past two decades.

2015 was a record year for the city, and experts predict 2016 will beat 2015’s total by 5 percent. 

The Texas Association of Realtors announced international home buyers​ added $10 billion to the Texas economy.

Real estate experts said that foreign investment did not have a significant impact in the Panhandle. 

While the international home buyers stimulate cities further south, Greg Glenn of Berkshire Hathaway attributes growth in the Panhandle to two factors; millennials entering the market and a favorable mortgage market with low interest rates.

Experts believe as more international buyers invest in Texas, housing markets in the Panhandle will increase significantly. 

News Channel 10

​Want more? See Amarillo Housing Market Research. ​​

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