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TAR: International homebuyers spent $11B in Texas in 2013TAR: International homebuyers spent $11B in Texas in 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=31782014-09-04T12:59:00Z2014-09-04T06:15:00Z

TEXAS - When it comes to finding a home in the U.S., Texas remains a top spot among international buyers. These buyers accounted for $92 billion worth of home sales in the U.S. between March 2013 and March 2014.

Of that $92 billion, 12 percent, or $11 billion, was spent on homes in Texas, according to the 2014 Texas International Homebuyers Report by the Texas Association of Realtors (TAR).

Florida had the No. one spot — capturing 23 percent of the international market. California was second, with 14 percent of the market, TAR reports.

“The Texas housing market is not only strong in sales volume, but in its diversity,” says TAR Chairman Dan Hatfield. “International homebuyers increasingly view Texas homes as a good investment, and as our economy has grown, so has the number of international homebuyers in our state.”

Of those international homebuyers who are investing in Texas, 59 percent are from Latin America or the Caribbean. Many of these buyers are likely from Mexico — given that more than 65 percent of U.S. homes purchased by Mexican homebuyers were located in Texas, TAR states.

Click here to see the full 2014 Texas International Homebuyers Report by the Texas Association of Realtors (TAR).

San Antonio Business Journal
Texas
Housing
http://www.bizjournals.com/sanantonio/news/2014/09/02/international-homebuyers-add-11-billion-to-texas.htmlRead more at {Source}

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