More international homebuyers calling Texas homeMore international homebuyers calling Texas homehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=24562014-11-14T13:59:00Z2014-11-14T07:59:00Z

TEXAS - In 2014, U.S. real estate agents expect to sell more than $92 billion in homes to international buyers, a 35 percent increase from 2013.

Texas now accounts for about 11 percent of total international home purchases, according to data from the National Association of Realtors (NAR). Only Florida and California have more foreign buyers.

About 30 percent of U.S. real estate agents now say they are working with offshore clients.

The biggest growth has been in buyers from China. NAR estimates total international sales from Chinese buyers rose to $22 billion in the 12 months that ended in March 2014, up from $12.8 billion in the previous 12 months.

Canadians spent almost $14 billion, and Mexican buyers spent about $4.5 billion.

In Texas, almost 60 percent of international home purchases were by Latin Americans, with second-place Asian buyers accounting for 18 percent.

“Among the foreigners coming in, the Canadians are buying and the Chinese are buying,” said Lawrence Yun, chief economist with the National Association of Realtors. “They are going to Florida, California, Arizona and Texas.”

Dallas Morning News
http://www.dallasnews.com/business/commercial-real-estate/headlines/20141113-more-chinese-others-from-abroad-are-buying-houses-in-dallas-u.s..eceRead more at {Source}

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