The world wants Texas: $10B brought in by foreignersThe world wants Texas: $10B brought in by foreignershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=145752016-09-23T05:00:00Z2016-09-23T21:25:00Z

​​​TEXAS - Texans aren't the only fans of Texas land.

The Texas Association of Realtors recently released its 2016 Texas International Homebuyers Report.

The study reports that, "Texas home sales purchased by international homebuyers added more than $10 billion to the Texas economy from April 2015 and March 2016."

"Texas accounted for 10 percent, or 21,488 home sales and $10.26 billion, of all international home sales in the U.S. from April 2015 to March 2016," the study reports. 

In that period of time, Latin America brought in 36 percent, and Asia/Oceania drew 34 percent of buyers. About 35 percent of international buyers in Texas came from Mexico.

European buyers stood at 12 percent of international home buying, African buyers stood at 8 percent and Canadian purchases totaled 4 percent.

Where does that put Texas in comparison with the rest of the nation? The only places that topped the Lone Star State for percentage of international buyers are California and Florida. 

Of all U.S. home sales in the 12 months ending in March, about 214,885 were purchased by international buyers.

That's a 3 percent increase from the previous study.

As for immigration, Texas attracted 9.4 percent of the 1,016,518 people who moved to the U.S. in 2014. 

Among the metro areas drawing in the most immigrants is the Houston-The Woodlands-Sugar Land area at No. 5, Dallas-Fort Worth-Arlington at No. 8, Austin-Round Rock at No. 26 and San Antonio-New Braunfels at No. 28.

Houston Chronicle

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