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.
Want more? See Amarillo Housing Market Research.
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