Texas third in international home sales

​​​AUSTIN – International homebuyers added $10.9 billion to the Texas economy from April 2017 to March 2018, according to the Texas International Homebuyers Report by the Texas Association of Realtors (TAR).

Texas ranked third in international home sales volume behind Florida and California. In 2017, the Lone Star State ranked second.

“International home sales activity continues to be one of the strongest sectors in Texas real estate, spurring strong growth in the Texas economy,” said TAR Chairman Kaki Lybbert. “Despite the slight drop in international homebuyers compared with the previous period, Texas remains an international hub and top destination for people from across the world to live, work, and conduct business.”

Texas accounted for 9 percent of all homes purchased by international homebuyers in the United States from April 2017 to March 2018, with 24,012 home sales out of 266,800 nationwide.

Six Texas metros are in the top 50 nationwide for immigration, according to the latest Yearbook of Immigration Statistics from the Department of Homeland Security. They are:

• No. 6 Houston-The Woodlands-Sugar Land;

• No. 8 Dallas-Fort Worth-Arlington;

• No. 26 Austin-Round Rock;

• No. 33 El Paso; and

• No. 48 McAllen-Edinburg-Mission.